2023 Digital Annual Report

Investor Story: The Salyers

Meet Billy and Patty Salyer, legacy shareholders of First Bancorp, Inc. stock. The Salyer’s have been loyal shareholders since the inception of First Russell County Bank and Trust Company in 1979 (name changed to First Bank and Trust Company in 1984) purchasing their shares in the Bank’s very first issuance of stock. Both Billy and Patty remem- ber the buzzing excitement in the small town of Lebanon, Virginia as word of a new bank opening began to swirl around the community promising growth and convenience. Fast forward 45 years to now, and the Salyer’s still own every share they’ve ever purchased, and their faith in the Bank’s vision and values remains unchanged. Billy and Patty’s dedication to holding onto their shares despite the sacrifices they had to make demonstrates the strong belief they had in the bank and their commitment to their financial future. Both Billy and Patty say that their expectations as shareholders over the years have not only been met, but that their investment has far exceeded anything they could have ever expected. From forming mean- ingful relationships and friendships with bank employees, to looking forward to dividend day, both Billy and Patty have passed on their un- wavering commitment to the Bank to their children and grandchildren. Billy and Patty’s desire is that the multi-generational investment in First Bancorp, Inc. shares will continue to leave a legacy for future generations in the Salyer family.

9 2023 Repo̶ t to Shareholders |

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