Market Overview

The First Bancorp Declares Third Quarter Dividend

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The Board of Directors of The First Bancorp (NASDAQ:FNLC), the parent
company of First National Bank, today declared a quarterly dividend of
29 cents per share. This third quarter dividend is payable October 31,
2018, to shareholders of record as of October 9, 2018. Based on the
September 26, 2018 closing price of $28.61 per share, the annualized
dividend of $1.16 per share translates to a yield of 4.05%.

"The company's strong performance over the past several years has
carried forward into 2018 with record operating results reported for the
first and second quarters of the year," noted President & Chief
Executive Officer, Tony C. McKim. "The Board of Directors continues to
view a generous dividend payout as a key component in the total
valuation of our stock, and I am pleased to share our success with our
shareholders in this way."

The First Bancorp, headquartered in Damariscotta, Maine, is the holding
company for First National Bank. Founded in 1864, the Bank serves
Mid-Coast and Down East Maine with 16 offices in Lincoln, Knox, Hancock,
Penobscot and Washington Counties. The Bank provides a full range of
consumer and commercial banking products and services. First Advisors, a
division of First National Bank, provides investment management and
trust services from five offices in Lincoln, Knox, Penobscot and Hancock
Counties.

Forward-looking and cautionary statements: except for the historical
information and discussions contained herein, statements contained in
this release may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements involve a number of risks, uncertainties and other factors
that could cause actual results and events to differ materially, as
discussed in the Company's filings with the Securities and Exchange
Commission.

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