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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 29549
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                                    Form 8-K
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                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):          May 3, 2006
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                                  First Bancorp
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             (Exact Name of Registrant as Specified in its Charter)

       North Carolina                0-15572                 56-1421916
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(State or Other Jurisdiction       (Commission            (I.R.S. Employer
     of Incorporation)             File Number)        Identification Number)


   341 North Main Street, Troy, North
                Carolina                                     27371
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(Address of Principal Executive Offices)                   (Zip Code)


                                 (910) 576-6171
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              (Registrant's telephone number, including area code)

                                 Not Applicable
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          (Former Name or Former Address, if changed since last report)


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                                  First Bancorp
                                      INDEX

                                                                      Page
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Item Item 8.01 - Other Events                                            3

Item 9.01 - Financial Statements and Exhibits                            3

Signatures                                                               4

Exhibit 99.1 News Release dated May 4, 2006                              5

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Item 8.01 - Other Events

     On May 4,  2006,  the  Registrant  issued a news  release to  announce  the
results of its Annual Meeting of Shareholders  held on May 3, 2006. It was noted
that the  proposed  slate of 18 directors  was elected and that  Elliott  Davis,
PLLC, had been ratified as the Registrant's  independent  registered independent
public  accounting  firm for 2006.  Also,  Mr.  Garner,  the President and Chief
Executive Officer, made a presentation at the meeting in which he noted that the
Registrant had plans to expand into Brunswick County, North Carolina.

Item 9 - Financial Statements and Exhibits

(d)  Exhibits

     Exhibit No.           Exhibit Title

     99.1                  Press Release Dated May 4, 2006


Disclosures About Forward Looking Statements

     The  discussions  included in this  document  and its  exhibits may contain
forward  looking  statements  within  the  meaning  of  the  Private  Securities
Litigation Act of 1995,  including Section 21E of the Securities Exchange Act of
1934 and Section 27A of the  Securities  Act of 1933.  Such  statements  involve
known and unknown risks,  uncertainties  and other factors that may cause actual
results  to  differ  materially.  For the  purposes  of these  discussions,  any
statements  that are not  statements  of  historical  fact may be  deemed  to be
forward looking  statements.  Such statements are often characterized by the use
of qualifying words such as "expects,"  "anticipates,"  "believes," "estimates,"
"plans," "projects," or other statements concerning opinions or judgments of the
Company and its  management  about future  events.  The accuracy of such forward
looking  statements  could be affected by such  factors  as,  including  but not
limited to, the  financial  success or changing  conditions or strategies of the
Company's  customers  or vendors,  fluctuations  in interest  rates,  actions of
government  regulators,  the  availability  of capital and  personnel or general
economic conditions.

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                                   Signatures

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                           First Bancorp


        May 4, 2006                  By:   /s/ James H. Garner
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                                           James H. Garner
                                           President and Chief Executive Officer

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