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DAMARISCOTTA, Maine – First Bancorp (NASDAQ:FNLC), the parent company of First National Bank, has announced a change in its executive team, according to a recent 8-K filing with the Securities and Exchange Commission.
The company, which boasts a market capitalization of $292 million and has maintained dividend payments for 27 consecutive years, has appointed Christopher J. Austin as the new Clerk of the Company following the retirement of the former Clerk, Susan A. Norton.
The transition took effect shortly after Norton’s retirement on Sunday, February 14, 2025. Austin joined First National Bank, a wholly-owned subsidiary of First Bancorp, in 2024 and has been serving as its Executive Vice President and Chief Legal Counsel.
First Bancorp, headquartered in Damariscotta, Maine, operates within the national commercial banks sector under the standard industrial classification code 6021. The company’s fiscal year ends on December 31.
This executive shift comes as part of the company’s ongoing management changes, which are detailed in the SEC filing and represent standard corporate governance practices. The appointment of Austin is part of the natural succession planning within First Bancorp.
The company’s stock, which is traded on the NASDAQ Global Select Market under the ticker symbol FNLC, will continue to be watched by investors as these changes in leadership roles often pique the interest of the market.
In other recent news, First Bancorp, the parent company of First National Bank, made headlines with the appointment of Christopher J. Austin as its new Executive Vice President and Chief Legal Counsel.
This significant executive change is expected to enhance the bank’s leadership with Austin’s substantial legal expertise. Austin, a veteran attorney with a 26-year tenure at Rudman Winchell, a law firm in Maine, brings a wealth of knowledge in real estate, commercial lending, and corporate law. Tony C. McKim, President and CEO of First National Bank and The First Bancorp, voiced enthusiasm for Austin’s addition to the team.
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