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BRIEF-First Bancorp says reports early termination of all FDIC loss share agreements

Sept 22 First Bancorp

* First bancorp reports the early termination of all fdic loss share agreements

* Says loss share agreements were related to two failed bank acquisitions from 2009 and 2011

* First bancorp expects to record a pretax expense of approximately $5.7 million this quarter

* Expects there to be a positive impact on future earnings as a result of elimination of fdic indemnification asset expense

* First bank paid $2.0 million to fdic and all rights and obligations related to payments under agreements were terminated

* Says first bank entered into an agreement with fdic that terminates all loss share agreements between first bank and fdic Source text for Eikon: Further company coverage:

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