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[8-K] First Community Corp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
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Positive
  • None.
Negative
  • None.

Insights

Company confirms early talks with Signature Bank; no deal yet; disclosure manages rumor risk while preserving strategic flexibility.

The filing addresses media speculation by admitting preliminary discussions with Signature Bank of Georgia but stresses that no definitive agreement exists. Under Item 7.01, the company is simply furnishing information, so it incurs no contractual obligations and avoids Section 18 liability. By clarifying the status, management limits the market’s interpretation of Signature’s “erroneous” press release and demonstrates Regulation FD compliance.

Because the talks are preliminary, investors cannot rely on tangible deal economics—no price, structure, or timing details are offered. Therefore, the disclosure does not alter earnings outlook, capital ratios, or dividend capacity at this stage. However, it signals that management is open to strategic alternatives, which could influence long-term growth or exit scenarios if negotiations progress.

Key takeaway: today’s statement is informational, not commitment. It reduces rumor-driven volatility but leaves valuation unchanged until a binding agreement emerges. Monitor future 8-K Items 1.01 or 2.01 for concrete terms.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 8, 2025

 

   First Community Corporation   

(Exact name of registrant as specified in its charter)

 

   South Carolina   

(State or other jurisdiction of incorporation)

         
  000-28344   57-1010751  
  (Commission File Number)   (IRS Employer Identification No.)  
         
  5455 Sunset Blvd, Lexington, South Carolina   29072  
  (Address of principal executive offices)   (Zip Code)  

 

   (803) 951-2265   

(Registrant’s telephone number, including area code)

 

   Not Applicable   

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of exchange on which registered
Common stock, par value $1.00 per share FCCO The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 

Item 7.01 Regulation FD Disclosure.

 

On July 8, 2025, First Community Corporation (the “Company”) became aware of recent media regarding a potential strategic transaction involving the Company and Signature Bank of Georgia.

 

The Company understands that Signature Bank of Georgia previously issued a press release in error. The two institutions have engaged in preliminary discussions regarding a potential strategic transaction. However, no definitive agreement has been entered into, and there can be no assurance that any agreement will be reached or that any transaction will ultimately occur.

 

The Company does not intend to comment further on these discussions unless and until a definitive agreement is executed.

 

The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act, except as expressly set forth by specific reference in such a filing.

  

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FIRST COMMUNITY CORPORATION
       
  By:

/s/ D. Shawn Jordan

 
  Name:   

D. Shawn Jordan

 
  Title: Chief Financial Officer  

 

Dated: July 8, 2025

 
First Community

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