First Bancorp completed the merger with GrandSouth Bancorporation in a $181m deal.

First Bancorp, a bank holding company, completed the merger with GrandSouth Bancorporation, a bank holding company, in a $181m deal. "We are very excited about this partnership and the unique opportunity it presents, we have long admired First Bancorp, and our combined company will be positioned to capitalize on an enhanced presence in exceptional markets, talent, and financial strength," J.B. Schwiers, GrandSouth President.