FCCO and Signature Bank shareholders clear path for bank merger

Rhea-AI Filing Summary

First Community Corporation reported that its shareholders approved the proposed merger of Signature Bank of Georgia with and into its subsidiary, First Community Bank. At the special meeting, 5,364,575 of the 7,679,605 common shares outstanding as of the record date were represented, about 69.85% of shares entitled to vote. The merger agreement and related share issuance were approved with 5,278,086 votes for, 63,798 against, and 22,691 abstentions. Shareholders also approved a proposal to adjourn the meeting if needed (5,243,982 for, 111,606 against, 8,987 abstaining), though an adjournment was ultimately unnecessary. On the same date, Signature Bank’s shareholders separately approved the same merger agreement, allowing the merger to proceed to subsequent closing steps.

Insights

Banking M&A Analyst

Both banks’ shareholders approved the merger agreement, clearing a key step.

The shareholders of First Community Corporation backed the Agreement and Plan of Merger with Signature Bank of Georgia and First Community Bank, including issuing First Community common stock to Signature Bank shareholders. Support was strong, with 5,278,086 votes in favor versus 63,798 against and 22,691 abstentions out of 7,679,605 shares outstanding as of the record date.

Quorum was solid, as 5,364,575 shares were present, representing about 69.85% of those entitled to vote, which helped deliver a decisive outcome. A separate adjournment proposal also passed but was not used because the merger proposal already had sufficient support.

On the same day, Signature Bank shareholders approved the same merger agreement, so both sides now have shareholder approval. Future progress will depend on completing any remaining regulatory or contractual conditions referenced outside this disclosure, which are customary in bank mergers but not detailed here.

false 0000932781 0000932781 2025-11-19 2025-11-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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): November 19, 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 Stock 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 5.07 Submission of Matters to a Vote of Security Holders.

First Community Corporation (the “Corporation”) held a special meeting of its shareholders (the “Special Meeting”) on November 19, 2025 at 11:00 a.m. at the Corporation’s principal executive office located at 5455 Sunset Boulevard, Lexington, South Carolina 29072 related to the proposed merger (the “Merger”) of Signature Bank of Georgia (“Signature Bank”) with and into the Corporation’s wholly owned subsidiary, First Community Bank. Of the 7,679,605 shares of the Corporation’s common stock outstanding as of the record date of the Special Meeting, 5,364,575 shares were present in person or by proxy, representing approximately 69.85% of the outstanding shares entitled to vote. At the Special Meeting, the shareholders of the Corporation voted on two proposals, as described in the joint proxy statement and prospectus of the Corporation and Signature Bank, dated September 24, 2025, and cast their votes as described below.

Proposal 1 – The Agreement and Plan of Merger Proposal

The Corporation’s shareholders approved the Agreement and Plan of Merger, dated July 13, 2025, by and among the Corporation, Signature Bank, and First Community Bank and the transactions contemplated thereby, including the issuance of shares of the Corporation’s common stock to the shareholders of Signature Bank in the Merger. The following is a tabulation of the voting results:

For	Against	Abstain	Broker Non-Vote
5,278,086	63,798	22,691	N/A

Proposal 2 – The Adjournment Proposal

The Corporation’s shareholders approved a proposal to adjourn the Special Meeting, if necessary, to permit further solicitation of proxies in favor of Proposal 1. The adjournment of the Special Meeting was not necessary because the Corporation’s shareholders approved Proposal 1. The following is a tabulation of the voting results:

For	Against	Abstain	Broker Non-Vote
5,243,982	111,606	8,987	N/A

No other matters were submitted to a vote at the Special Meeting.

Item 8.01  Other Events.

On November 19, 2025, Signature Bank held a special meeting of its shareholders to consider the Agreement and Plan of Merger, dated July 13, 2025, by and among the Corporation, First Community Bank, and Signature Bank. At the meeting, the shareholders of Signature Bank approved the Agreement and Plan of Merger, pursuant to which Signature Bank will merge with and into First Community Bank.

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: November 20, 2025

FAQ

What did First Community Corporation (FCCO) shareholders approve at the special meeting?

Shareholders of First Community Corporation approved the Agreement and Plan of Merger dated July 13, 2025, among the Corporation, First Community Bank, and Signature Bank of Georgia, including the issuance of First Community common stock to Signature Bank shareholders in the merger.

How did FCCO shareholders vote on the Signature Bank merger proposal?

For the merger proposal, FCCO shareholders cast 5,278,086 votes for, 63,798 against, and 22,691 abstentions. No broker non-votes were reported for this proposal.

What was the shareholder turnout for FCCOs special meeting on the merger?

Out of 7,679,605 FCCO common shares outstanding as of the record date, 5,364,575 shares were present in person or by proxy, representing approximately 69.85% of the outstanding shares entitled to vote.

What was the result of the adjournment proposal at FCCO19s special meeting?

FCCO shareholders approved the adjournment proposal, which would have allowed the meeting to be adjourned to solicit additional proxies in favor of the merger if needed. The vote was 5,243,982 for, 111,606 against, and 8,987 abstaining, with no broker non-votes. The adjournment was ultimately not necessary.

Did Signature Bank of Georgia shareholders approve the merger with First Community Bank?

Yes. On November 19, 2025, Signature Bank of Georgia held its own special meeting, where its shareholders approved the same Agreement and Plan of Merger under which Signature Bank will merge with and into First Community Bank.

What does the merger between First Community Bank and Signature Bank involve for FCCO stock?

The approved Agreement and Plan of Merger includes the issuance of shares of First Community Corporation common stock to the shareholders of Signature Bank of Georgia as consideration in the merger.