NON -Q UALIFIED STOCK OPTION AGREEMENT

Exhibit 10.8

1 ST F INANCIAL S ERVICES C ORPORATION

N ON -Q UALIFIED S TOCK O PTION A GREEMENT

1st Financial Services Corporation, a North Carolina corporation, hereby grants to Roger A. Mobley (the “Optionee”) an option (the “Option”) to purchase the total number of shares of 1st Financial Services Corporation common stock, par value $5.00 per share, set forth in the attached Notice of Grant effective January 26, 2009 (the “Notice of Grant”), at the price specified in the Notice of Grant, subject in all respects to the terms, definitions, and provisions of the 2008 Omnibus Equity Plan (the “Plan”) adopted by 1st Financial Services Corporation, which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings herein.

1 . Nature of the Option . This Option does not qualify as an incentive stock option under the Internal Revenue Code of 1986.

2 . Exercise Price . The exercise price for each share of common stock is set forth in the Notice of Grant and is not less than the fair market value per share of the common stock on the date of grant.

3 . Exercise of Option . This Option shall be exercisable during its term in accordance with the exercise schedule set out in the Notice of Grant and in accordance with the terms of the Plan as follows:

(a) Right to Exercise .

(b) This Option shall be exercisable by executing the Stock Option Notice of Exercise in the form attached hereto as Exhibit A (the “Exercise Notice”), which shall state the Optionee’s election to exercise the Option, the number of shares for which the Option is being exercised, and such other representations and agreements concerning the holder’s investment intent as may be required by 1st Financial Services Corporation. The written notice shall be signed by the Optionee and shall be delivered by certified mail to the Plan Committee or the Plan Committee’s designee. The Exercise Notice shall be accompanied by payment of the exercise price. The Option shall be deemed to be exercised upon receipt by 1st Financial Services Corporation of such Exercise Notice accompanied by payment of the exercise price in full.

(c) No shares shall be issued for the exercise of an Option unless the issuance and exercise comply with all relevant provisions of law and the requirements of any stock exchange upon which 1st Financial Services Corporation common stock may then be listed. Assuming compliance, for income tax purposes shares shall be considered transferred to the Optionee on the date the Option is exercised.

4 . Optionee’s Representations . If this Option and the shares acquirable by exercise of this Option have not been registered under the Securities Act of 1933 when this Option is exercised, the Optionee shall, if required by 1st Financial Services Corporation, concurrently with the exercise of all or any portion of this Option deliver to 1st Financial Services Corporation an investment representation statement in the customary form, a copy of which is available for Optionee’s review from 1st Financial Services Corporation upon request. Optionee acknowledges and agrees that a certificate or certificates representing shares acquired by exercise of an Option may bear a restrictive legend or legends noting the restrictions on transfer arising under applicable securities laws and the Plan.

5 . Method of Payment . Payment of the exercise price shall be by any of the following, or a combination thereof, at the election of the Plan Committee, in its sole discretion:

6 . Restrictions on Exercise . This Option may not be exercised before the Plan is approved by 1st Financial Services Corporation’s stockholders, or if the issuance of shares upon such exercise or the method of payment of consideration for such shares

would constitute a violation of any applicable federal or state securities or other law or regulation, including any rule under Part 207 of Title 12 of the Code of Federal Regulations (“Regulation G”) as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option, 1st Financial Services Corporation may require the Optionee to make any representation and warranty to 1st Financial Services Corporation as 1st Financial Services Corporation in its sole discretion considers necessary or appropriate under applicable law.

7 . Termination of Status as an Employee for Cause or Other Termination of Employment . If the Optionee is terminated for cause or if in 1st Financial Services Corporation’s judgment a basis for termination for cause exists, all rights under any unexercised options shall expire immediately and the unexercised options shall be immediately forfeited, regardless of whether the options are exercisable and regardless of whether Optionee’s employment with 1st Financial Services Corporation or a Related Entity actually terminates. “Termination for cause” includes one or more of the following acts –

(a) an act of fraud, intentional misrepresentation, embezzlement, misappropriation, or conversion by the Optionee of the assets or business opportunities of 1st Financial Services Corporation or a Related Entity,

(b) conviction of the Optionee of or plea by the Optionee of guilty or no contest to a felony or a misdemeanor,

(c) violation by the Optionee of the written policies or procedures of 1st Financial Services Corporation or the Related Entity with which the Optionee is employed, including but not limited to violation of 1st Financial Services Corporation’s or Related Entity’s code of conduct or code of ethics,

(d) disclosure to unauthorized persons of any confidential information not in the public domain relating to 1st Financial Services Corporation’s or Related Entity’s business, including all processes, inventions, trade secrets, computer programs, technical data, drawings or designs, information concerning pricing and pricing policies, marketing techniques, plans and forecasts, new product information, information concerning methods and manner of operations, and information relating to the identity and location of all past, present, and prospective customers and suppliers,

(e) intentional breach of any contract with or violation of any legal obligation owed to 1st Financial Services Corporation or a Related Entity,

(f) dishonesty relating to the duties owed by the Optionee to 1st Financial Services Corporation or a Related Entity,

(g) the Optionee’s willful and continued refusal to substantially perform assigned duties, other than refusal resulting from sickness or illness or while suffering from an incapacity due to physical or mental illness, including a condition that does or may constitute a disability,

(h) the Optionee’s willful engagement in gross misconduct materially