Uwharrie Capital Corporation Implements Full Truncation of Deposits Using Branch Capture Xpress(TM) from Fidelity Information Services

Uwharrie Capital Corporation, Multi-Bank Holding Company for Bank of Stanly, Anson Bank & Trust and Cabarrus Bank & Trust, Implements Full Truncation of Deposits Using Branch Capture Xpress(TM) from Fidelity Information Services

Transmitting More than 250,000 Branch Items Monthly, Banks Benefit from Check 21 Legislation as it Eliminates Costs and Improves Customer Service

Jacksonville, FL -- (March 10, 2005) -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division today announced the successful implementation of Fidelity's Branch Capture Xpress at North Carolina-based Bank of Stanly, Anson Bank & Trust and Cabarrus Bank & Trust, commercial banking subsidiaries of Uwharrie Capital Corporation. The banks have deployed Branch Capture Xpress throughout the company's eight branch locations--positioning the banks as some of the first in the United States to take advantage of this advanced technology made possible by last year's enactment of Check 21 legislation. With the implementation complete, Branch Capture Xpress transmits more than 250,000 items on a monthly basis, of which Fidelity produces and sends approximately 100,000 substitute checks for collection.

To date, Fidelity's Branch Capture Xpress has enabled the three banks to eliminate microfilming and encoding costs as well as considerable courier expenses as branch transactions are now truncated over the counter. In addition, the banks are now positioned to extend ledger credit deadlines, enabling them to improve the collection of all "hold over transactions" and enhance customer service and satisfaction.

"The benefits we are experiencing in our operations as a result of our implementation of Branch Capture Xpress are significant," stated Jackie Jernigan, executive vice president, Uwharrie Capital Corp. "We anticipate working closely with Fidelity to use image exchange to clear our deposited items even more efficiently."

Fidelity enables financial institutions to fully truncate over-the-counter deposits and other transactions by scanning the transactions through its Branch Capture Xpress system. Check images and data are then automatically transmitted to the Fidelity Transaction Processing Center in Greensboro, N.C. Fidelity's Transaction Center personnel then process these files using CAR/LAR technology, correct rejected transactions, and balance and post all transactions without the documents ever leaving the branch of deposit. Substitute checks are then printed and sent to the Federal Reserve for collection of all transit items.

"Very few institutions have been able to take full advantage of the benefits allowed by Check 21 until now," said Gary Norcross, president of Fidelity's Integrated Financial Solutions division. "Bank of Stanly, Anson Bank & Trust and Cabarrus Bank & Trust are the first institutions in the country to implement our system and have already seen the value in terms of reduced costs and improved processing. The partnership between Uwharrie Capital Corporation and Fidelity was absolutely invaluable to the success of this project--and one on which we intend to build as we look to assist the bank with its ongoing technology needs."

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