First Carolina Financial Services Announces Realignment of Executive Roles

RALEIGH, N.C. (July 16, 2026) ­­– First Carolina Financial Services, Inc. (NYSE: FCBM) (“First Carolina,” or the “Company”), the holding company for First Carolina Bank (“Bank”), announced today the appointment of Pat Pritchard to the newly created role of Chief Retail Banking and Chief Information Officer for the Bank and Andrew Mathieson to the role of Chief Revenue and Strategy Officer for the Company and the Bank. Pritchard previously served in the position of Chief Information Officer of the Bank, while Mathieson served as Chief Revenue Officer of the Bank.

“I am pleased to announce the appointments of Pat and Andrew to these newly created leadership positions, which we believe better align their titles with their focus going forward,” said Ron Day, Chairman, President and Chief Executive Officer. “This distinction in Pat’s role highlights the new emphasis he will place on people, market, and revenue development in the most visible and valuable portion of our fixed asset base: our branch network. Andrew, in his expanded role, will now assume leadership of our payments business to maximize revenue opportunities within the BM Technologies and BankMobile platforms.”

Day continued, “Andrew is an industry-recognized expert in the payments space, and he is well-suited to lead our go-forward strategic initiatives in this critical line of business for the Bank. As he did prior to this appointment, Andrew will continue leading First Carolina’s corporate financial planning and analysis process, business intelligence activities, and will add procurement as part of this role. He will also have overall responsibility for developing and guiding First Carolina’s corporate strategy and further integrating BM Technologies into the Bank.”

Day added, “Pat is one of the most experienced retail banking experts in the business, and in his new role, he will join both Doug Ford (Chief Banking Officer) and Gregg Ferrell (Head – Real Estate Banking) as one of our three key direct revenue driving leaders in the Bank. Pat did an amazing job onboarding and curating the BM Technologies and BankMobile businesses starting with the original partnership relationship in December 2023 and following our acquisition of the company in January 2025. Building on those successes, it will be exciting to watch him bring that same zeal and creativity to a renewed focus on our retail branch assets.”  

About First Carolina Financial Services, Inc.

First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank that provides financial services for businesses, higher education institutions, and individuals. First Carolina offers a range of deposit and loan products and trust services. First Carolina is headquartered in Raleigh, North Carolina with full-service banking offices in Rocky Mount, Raleigh, Wilmington, Cary, and Reidsville, North Carolina; Virginia Beach, Virginia; Columbia and Greenville, South Carolina; and Atlanta, Georgia.