First Bank Press Release

Value and Integrity Drive Successful Partnership

(Charlotte, NC, October 16, 2018) Southern Pines based First Bank has signed an agreement with QDS to replace their entire Diebold ATM fleet with Hyosung ATMs. The move sets the bank up for compliance with Windows 10 and enables new managed service technology to deliver maximum uptime to First Bank customers. By adding some devices with key future technologies, the bank is positioned to offer new services at key locations, while maintaining high availability to all locations.

“We’re excited to expand our relationship with QDS into our ATM Channel. QDS brings a wealth of knowledge to our bank around automation and ATM technologies. They were a great choice for us to update our entire fleet and set us up for future platform growth.”

Rex Scott, COO of First Bank

Hyosung is quickly becoming a mainstream name now in banking technologies. Large partnerships with 3 of the top 4 banks in the country has allowed their brand to undergo the strict performance-based nature of serving large banks. Being an engineering company at heart, Hyosung focuses on reliability and innovative design to lead the market. Hyosung also boasts the largest assisted-self-service device footprint in the US.

“We are certainly excited to take the next step in our relationship with First Bank. This project continues to validate QDS as a leader in the Southeast in ATM technologies.

By partnering a strong performing ATM solution like Hyosung, with our innovative managed service platform, we can deliver the highest quality of service to the channel, which is vitally important in both the urban and rural markets that First Bank serves.”

Sean Farrell, CEO of QDS, Inc.

The bank will be replacing close to 100 Diebold ATMs with Hyosung ATMs mostly in Q4 2018 with the last few scheduled for early Q1 2019.

About First Bank:

First Bancorp is the holding company for First Bank and is headquartered in Southern Pines, North Carolina, with total assets of approximately $5.7 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates over 100 branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bancorp’s common stock is traded on the NASDAQ Global Select Market under the symbol “FBNC.”

About QDS:

QDS is headquartered in Charlotte, North Carolina and currently operates in 9 states throughout the Southeast: Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Since 1983, QDS has leveraged a consultative approach and provides market leading choices across its platform to help its clients find the best solution to their needs. QDS services the majority of cash automation equipment in the retail and financial industries.

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