First Bancorp, Troy, N.C., said James A. Gunter resigned effective Oct. 12 as president and chief executive officer.

His departure was amicable and was based on differences about corporate direction, Mr. Gunter and the company said.

James A. Garner has been named chief executive and president of First Bancorp and its First Bank and First Bancorp Financial Services Inc. He was executive vice president of the bank unit.

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