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The First Bancorp, Inc. Under Shareholder Investigation

If you purchased The First Bancorp, Inc. (Public, NASDAQ:FNLC) before October 27, 2008 and currently hold those shares or invested in FNLC shares between October 27, 2008 and July 30, 2009, you have options and you are encouraged to contact the Shareholders Foundation, Inc.

You may contact us by using this form, or by sending an email to mail@shareholdersfoundation.com, or calling us at (858) 779-1554.

Company Name(s): 
First Bancorp
Affected Securities: 
Nasdaq: FNLC

An investigation on behalf of investors in The First Bancorp, Inc. (Public, NASDAQ:FNLC) over possible violations of the federal securities laws by First BanCorp, Inc. (Nasdaq:FNLC) was announced.

According to the investigation by a law firm the investigation focuses on whether a series of statements regarding First BanCorp's business, its prospects and its operations were materially false and misleading at the time they were made. The First Bancorp, Inc., formerly First National Lincoln Corporation, serves as the parent holding company of The First National Bank of Damariscotta. The Bank emphasizes personal service, and customers are primarily small businesses and individuals for whom the Bank offers a variety of services, including deposit accounts, consumer and commercial and mortgage loans. The First Bancorp had $1.22325billion in Total Assets with a Net Income of $13.1million in 2007 and $1.32574billion in Total Assets with a Net Income of $14.03million in 2008. Shares of The First Bancorp (FNLC) traded recently at $15.92 per share, down from $21.80 per share.

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