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Tuesday, September 19, 2017

Equity Corporate Actions Alert #2017 - 23
(Updated) Information Regarding the Merger of ASB Bancorp, Inc. (ASBB)

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  • Industry Announcement

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The merger of ASB Bancorp, Inc. (ASBB) with and into First Bancorp (FBNC) will become effective on Sunday, October 1, 2017. The merger had been previously approved by shareholders of ASB Bancorp, Inc. on September 19, 2017. The details are as follows:

Company: ASB Bancorp, Inc.
Issue: Common Stock
CUSIP#: 00213T109
Symbol: ASBB
Marketplace Effective Date for Suspension: October 2, 2017
Merger Consideration: Non-electing shareholders will receive approximately 0.53 shares of First Bancorp common stock and $26.46 in cash per share held.

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