First Carolina Financial Services

First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank, a state-chartered community bank. The company provides comprehensive financial services to individuals, professionals, small- and medium-sized businesses, and higher education institutions. Its core offerings include checking, savings, and money market deposit accounts, certificates of deposit, and individual retirement accounts. On the lending side, First Carolina provides commercial financing, real estate loans, and consumer loans. The company also offers treasury management, merchant services, wealth management, and trust and fiduciary services. First Carolina operates through two primary segments: Community Banking and BM Tech. The Community Banking segment focuses on gathering deposits and originating loans within its primary markets across North Carolina, South Carolina, Georgia, and Virginia. The BM Tech segment features a technology platform that provides funds disbursement services to higher education institutions and enables student consumers to open digital-first deposit accounts. The company generates revenue primarily through net interest income from its loan and deposit portfolios, as well as non-interest income from service charges, fees, and its technology platform.