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Chief Superintendent Nigel Grimshaw called the murder 'a tragedy for Bangor'.
Police investigating the fatal shooting of a man in his 50s in Bangor are understood to be linking the attack to the drugs trade.
Another man in his 40s was also shot and injured and is in a stable condition in hospital. Police said they received reports of the shooting at Hazelbrook Avenue off the Clandeboye Road at about 1220 BST.
Chief Superintendent Nigel Grimshaw said that both victims were known to police. One man has been arrested.
He was held by police in Ormeau Avenue in Belfast.
The dead man's name has not yet been released.
It is understood the two victims did not live in the house where they were shot.
"Whatever the circumstances, an individual from somebody's family has died today," Chief Superintendent Grimshaw told a press conference.
"That is a tragedy for Bangor. It's not something that the community are used to, nor is it something that I want them to become used to.
"I want people to be assured that we are out there, they will see us. They should not be overly concerned in terms of this kind of incident happening.
"A full and complicated investigation will be taken forward."
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