The First Bancorp, Inc. - Amendments to Bylaws

The First Bancorp, Inc. has amended its Bylaws on April 29, 2026. Key changes include: 1. A new bylaw (Section 4.5) sets a maximum age limit for directors, stating that no person shall be eligible to serve as a director beyond the Annual Shareholder Meeting if they are seventy-two (72) years of age. An exception is made for existing directors who were seventy-two (72) as of January 1, 2026, for whom the age limitation is extended to seventy-five (75) years of age. This changes the previous bylaw which allowed directors to serve up to seventy-five (75) years of age. 2. Section 5.1 regarding the election of the Chair of the Board has been amended to limit the number of terms an individual can serve as Chair to three terms. Previously, this limit was eight terms.