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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    Form 8-K

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                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 29, 2004

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                                  First Bancorp
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             (Exact Name of Registrant as Specified in its Charter)

         North Carolina              0-15572               56-1421916
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  (State or Other Jurisdiction     (Commission          (I.R.S. Employer
       of Incorporation)           File Number)      Identification Number)

    341 North Main Street, Troy,
            North Carolina                                      27371
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 (Address of Principal Executive Offices)                    (Zip Code)

                                 (910) 576-6171
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              (Registrant's telephone number, including area code)

                                 Not Applicable

          (Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

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                                  First Bancorp
                                      INDEX


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Item 8.01 - Other Events.                                              3

Item 9.01 - Financial Statements and Exhibits                          3

Signatures                                                             4

Exhibit 99 (a) News Release dated July 21, 2004                        5


                                        2


Item 8.01 -- Other Events

      On September 29, 2004, the Company issued a press release announcing a
three-for-two stock split payable on November 15, 2004 to shareholders of record
as of October 29, 2004. A copy of the press release is attached hereto as
Exhibit 99(a) and is incorporated herein in its entirety by reference.

Item 9.01 - Financial Statements and Exhibits

(c)   Exhibits.

      Exhibit No.               Description
      -----------               -----------

        99(a)                   Press release issued on September 29, 2004

Disclosures About Forward Looking Statements

      The discussions included in this document and its exhibits may contain
forward looking statements within the meaning of the Private Securities
Litigation Act of 1995, including Section 21E of the Securities Exchange Act of
1934 and Section 27A of the Securities Act of 1933. Such statements involve
known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially. For the purposes of these discussions, any
statements that are not statements of historical fact may be deemed to be
forward looking statements. Such statements are often characterized by the use
of qualifying words such as "expects," "anticipates," "believes," "estimates,"
"plans," "projects," or other statements concerning opinions or judgments of the
Company and its management about future events. The accuracy of such forward
looking statements could be affected by such factors as, including but not
limited to, the financial success or changing conditions or strategies of the
Company's customers or vendors, fluctuations in interest rates, actions of
government regulators, the availability of capital and personnel or general
economic conditions.



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                                   Signatures

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           First Bancorp

           September 29, 2004          By: /s/ James H. Garner
                                           -------------------------------------
                                           James H. Garner
                                           President and Chief Executive Officer


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