EXHIBIT 10.8
First Carolina Financial Services, Inc.
STATE OF NORTH CAROLINA
COUNTY OF WAKE
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into by and between FIRST CAROLINA BANK, a North Carolina banking corporation (the “Bank”) and Douglas Ford IV (the “Employee”) to be effective as of September 1, 2019 (the “Amendment Effective Date”).
W I T N E S S E T H:
WHEREAS, Employee and the Bank are parties to that certain Employment Agreement dated as of August 12, 2019 (the “Prior Agreement”), pursuant to which Employee serves as the Managing Director - Commercial Banking & Market Executive - Raleigh;
WHEREAS, it is in the best interests of the Bank and its shareholders to maintain an experienced and sound executive management team to manage the Bank and to further the Bank’s overall strategies to protect and enhance the value of its shareholders’ investments; and
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