First Bancorp Inc ME
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
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ITEM 2. Properties
The principal office of the Company and the Bank is located in Damariscotta, Maine. The Bank operates 18 full-service banking offices in six counties in the Mid-Coast, Eastern and Down East regions of Maine:
| Lincoln County | Knox County | Waldo County | Hancock County | Washington County |
|---|---|---|---|---|
| Boothbay Harbor | Camden | Belfast | Bar Harbor | Eastport |
| Damariscotta | Rockland Park Street | Blue Hill | Calais | |
| Waldoboro | Rockland Union Street | Penobscot County | Ellsworth | |
| Wiscasset | Rockport | Bangor | Northeast Harbor | |
| Brewer | Southwest Harbor | |||
First National Wealth Management, the investment management and trust division of the Bank, operates from our locations in Bangor, Bar Harbor, Ellsworth and Damariscotta. The Bank also maintains an Operations Center in Damariscotta. The Company owns all of its locations except for the land under the Southwest Harbor drive-up facility, the land under the Belfast branch, and the Brewer branch. Long-term land leases are in place for the Southwest Harbor and Belfast locations and an operating lease is in place for Brewer. The Company also owns undeveloped land in Belfast. Management believes that the Bank's current facilities are suitable and adequate in light of its current needs and its anticipated needs over the near term.
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