First Community Corp 8-K Filings

First Community Corporation (FCCO), holding company for First Community Bank, reported that Freddie Deutsch plans to retire as Director of Specialty Business Lending and from the boards of both entities, effective January 15, 2027. Deutsch joined through the acquisition of Signature Bank of Georgia completed on January 8, 2026 and has focused on integrating that business and developing the Bank’s Small Business Administration lending line.

The company, the Bank and Deutsch entered into a Letter Amendment to his July 13, 2025 Employment Agreement, under which he moves immediately into an advisory role while remaining a full-time employee with unchanged base salary and benefits until the Retirement Date. Subject to his execution of a general release effective as of that date, Deutsch will receive the first $50,000 retention bonus installment (plus a related carve back payment), while later installments and all unvested equity will be forfeited at retirement. He will be eligible for an award under the Bank’s 2026 incentive plan and for up to 18 months of Bank-subsidized health coverage. The company states his retirement is voluntary, not related to earlier announced management succession plans, and not due to any disagreement over operations, policies or practices.

First Community Corporation, a community banking company with $2.4 billion in total assets and 23 banking offices as of June 30, 2026, furnished an investor presentation outlining strategy, growth and leadership changes. The company has paid 98 consecutive quarterly dividends and focuses on organic growth supplemented by targeted acquisitions, most recently the Signature Bank of Georgia deal, which closed January 8, 2026. That acquisition added a presence in the Atlanta–Sandy Springs–Roswell, Georgia market, contributed $195.7 million of loans and $229.8 million of deposits, and is described as producing manageable tangible book value dilution with a 2.2‑year earnback and roughly 35 bps improvement in TCE/TA.

The presentation highlights 11.0% annualized loan growth year‑to‑date 2026 (excluding acquired loans), nine consecutive quarters of net interest margin expansion, and a high‑quality funding base with deposits of $2,121.4 million at June 30, 2026 and total deposit cost of 1.76%. Noninterest income lines, including financial planning, mortgage banking and government‑guaranteed lending, show rising pre‑tax margins, supported by the bank’s April 10, 2026 award of SBA Preferred Lender Status and a $59.7 million GGL loan portfolio. Capital management actions include a plan announced May 7, 2026 to repurchase up to $7.5 million of common stock and a July 21, 2026 approval to increase the quarterly cash dividend to $0.17 per share. A staged leadership transition culminates December 31, 2026 with the retirement of bank CEO J. Ted Nissen and the January 1, 2027 promotion of Vaughan Dozier to bank CEO and Drew Painter to bank President, while Mike Crapps continues as CEO and President of the holding company.

First Community Corporation presents an updated picture of its franchise, highlighting 2Q26 performance, leadership succession and integration of Signature Bank of Georgia. As of June 30, 2026, assets were $2.4 billion across 23 banking offices, with a focus on organic growth supplemented by selective acquisitions.

Loan balances grew at an 11.0% annualized rate year‑to‑date 2026, aided by the Signature portfolio, while total deposits reached $2,121.4 million, including 26% non‑interest‑bearing accounts and a total deposit cost of 1.76%. Management reports nine consecutive quarters of net interest margin expansion and emphasizes disciplined risk and capital management. Capital actions include a share repurchase plan of up to $7.5 million (about 3.4% of equity at announcement) and a cash dividend increase to $0.17 per share, extending a 98‑quarter dividend record and implying a current yield of 2.09%. The company also underscores SBA growth, including Preferred Lender Status and a $59.7 million government‑guaranteed loan portfolio.

First Community Corporation reported higher results for the quarter ended June 30, 2026, with net income of $7.595 million and diluted EPS of $0.80, compared with $5.186 million and $0.67 a year earlier and $5.498 million and $0.59 in the prior quarter. Net income excluding merger expenses was $7.979 million and diluted EPS excluding merger expenses was $0.84. Year-to-date net income was $13.093 million and diluted EPS $1.39.

The board approved a quarterly cash dividend of $0.17 per common share, payable August 18, 2026 to shareholders of record on August 4, 2026. At June 30, 2026, loans totaled $1.578 billion and deposits $2.025 billion; net interest margin on a tax-equivalent basis was 3.51%. Non-performing assets were $887 thousand, or 0.04% of total assets, and tangible book value per share was $20.84. The bank’s leverage, Tier 1 risk-based and total risk-based capital ratios were 9.29%, 12.98% and 14.13%, which exceeded well-capitalized minimum levels. The company also has a share repurchase plan authorizing up to $7.5 million of common stock through May 7, 2027.

The company outlined a planned leadership transition at its banking subsidiary. J. Ted Nissen will retire as Executive Vice President and Chief Banking Officer of the company and as President and CEO of First Community Bank, and from both boards, effective December 31, 2026. Effective January 1, 2027, Vaughan R. Dozier will become CEO of First Community Bank and Joseph A. “Drew” Painter will become President of the bank and both will join the company’s and bank’s boards, while Michael C. Crapps continues as President and CEO of First Community Corporation.

First Community Corporation is furnishing an investor presentation highlighting recent growth, the Signature Bank of Georgia acquisition, and key financial trends. As of March 31, 2026, the company reports $2.4 billion in total assets and twenty‑three banking offices, positioning it as the largest community bank in the South Carolina Midlands.

The Signature Bank of Georgia deal, which closed on January 8, 2026, adds the Atlanta‑area market and government‑guaranteed lending capabilities, with management citing manageable tangible book value dilution with a 2.2‑year earnback and approximately 35 basis points of pro forma TCE/TA improvement. Loan growth reached $90.5 million in 2025 at a 7.4% annualized rate, with 1Q26 loan growth of $42.4 million at a 13.1% annualized rate excluding acquired balances.

The presentation also shows an investment portfolio of about $512.6 million at March 31, 2026 with a 5.2‑year average life and 3.3 duration, deposits of $2,148.1 million with 27% non‑interest bearing, and eight consecutive quarters of net interest margin expansion. First Community has paid 97 consecutive quarterly dividends, with a stated current yield of 2.11% based on a May 26, 2026 closing price of $30.38, and provides non‑GAAP reconciliations for core net income, EPS, and pre‑tax pre‑provision earnings.

First Community Corporation held its annual shareholder meeting, where investors elected a full slate of Class I, II, and III directors, approved executive pay on an advisory basis, and ratified the external auditor.

Shareholders representing 6,262,567 of 9,366,626 eligible shares, or about 66.86% of the vote, were present in person or by proxy. All nominated directors received strong support, with individual “for” votes generally around 4.8–4.9 million and relatively few votes withheld. The non-binding “say‑on‑pay” resolution passed with 4,834,058 votes in favor versus 71,049 against, and Elliott Davis, LLC was ratified as independent registered public accounting firm with 6,161,156 votes for and minimal opposition.

First Community Corporation, the parent of First Community Bank, approved a share repurchase plan authorizing up to $7.5 million of its common stock. This amount represents approximately 3.4% of total shareholders’ equity as of March 31, 2026.

The company may buy back shares from time to time through May 5, 2027 via open market purchases and solicited or unsolicited privately negotiated transactions. Management has discretion over timing, volume, and pricing, subject to market conditions and legal and regulatory requirements, and the plan can be discontinued, suspended, or restarted at any time.

First Community Corporation reported stronger first quarter 2026 results and declared a cash dividend. Net income for the quarter was $5.498 million, with diluted earnings per share of $0.59, compared with $3.997 million and $0.51 a year earlier and $4.830 million and $0.62 in the prior quarter.

Excluding merger expenses related to the January 8, 2026 acquisition of Signature Bank, net income was $6.754 million and diluted EPS was $0.72, increases of 69.0% and 41.1% year-over-year. The Board approved a $0.16 per share cash dividend, payable May 19, 2026 to shareholders of record on May 5, 2026.

Total loans rose to $1.549 billion and total deposits to $2.048 billion at March 31, 2026, aided by the Signature Bank acquisition and organic growth. Asset quality remained strong, with non-performing assets of $853 thousand, or 0.04% of total assets, and the allowance for credit losses on loans at 1.19% of loans. Regulatory capital ratios at the bank exceeded well-capitalized minimums, and tangible book value per share increased to $19.88.

First Community Corporation filed a report describing its financial results for the year ended December 31, 2025 and announcing a fourth-quarter 2025 cash dividend. The company’s Board approved a $0.16 per share dividend on its common stock.

The dividend will be paid on February 24, 2026 to shareholders of record as of February 10, 2026. Detailed year-end 2025 results are provided in an attached earnings press release, included as Exhibit 99.1.

First Community Corporation completed its previously announced merger with Signature Bank of Georgia, effective at 11:59 p.m. Eastern Time on January 8, 2026. Signature merged into First Community Bank, the company’s South Carolina banking subsidiary, which continues as the surviving bank.

Each share of Signature common stock was converted into the right to receive 0.6410 shares of First Community common stock, plus cash in lieu of fractional shares. Signature stock options were cancelled and converted into cash payments based on the value of the merger consideration over the option exercise price.

The Board of Directors was expanded from 12 to 14 members, with Freddie Deutsch and Jonathan Been appointed as directors, each serving until the 2026 annual meeting. Mr. Deutsch entered into a three-year employment agreement as Regional Market President and Director of Specialty Business Lending with an annual base salary of $270,350 and a special retention bonus of $150,000, plus additional amounts tied to forfeited parachute payments.

First Community Corporation filed a report outlining its planned earnings release schedule for 2026. The company plans to release results for the fourth quarter of 2025 on January 28, 2026, followed by quarterly 2026 earnings on April 22, 2026, July 22, 2026, and October 21, 2026.

The information about this schedule, along with the related press release, is being furnished under a Regulation FD disclosure rather than filed, which means it is intended to provide timely transparency to the market without becoming part of the company’s formally filed financial statements.

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.

First Community Corporation (FCCO) furnished an investor presentation as Exhibit 99.1 under Regulation FD. Management plans to use the materials during meetings with investors on November 5–7, 2025 at the Hovde Group Financial Services Conference in Naples, Florida.

The materials are furnished, not filed, with the U.S. Securities and Exchange Commission.

First Community Corporation announced quarterly results and declared a cash dividend for the third quarter of 2025. The Board approved a $0.16 per share dividend on common stock, payable on November 18, 2025 to shareholders of record as of November 4, 2025.

The company also furnished an earnings press release for the period ended September 30, 2025 as Exhibit 99.1.

First Community Corporation (FCCO) disclosed a definitive Agreement and Plan of Merger, dated 13 July 2025, to acquire Signature Bank of Georgia through a bank-level merger. Signature Bank will merge into First Community Bank, FCCO’s wholly owned subsidiary, with First Community Bank surviving.

Consideration structure: each Signature Bank common share will convert into 0.6410 FCCO common shares; fractional shares will be paid in cash. All outstanding Signature Bank stock options will be cashed out for the in-the-money value (or $0.01 per share if out-of-the-money), net of withholding taxes.

Key deal terms and protections:

• The transaction requires approvals from FCCO and Signature Bank shareholders, state and federal banking regulators, and other customary conditions.
• Boards of FCCO, First Community Bank and Signature Bank unanimously approved the Agreement.
• Termination fee: if the Agreement is terminated under specified circumstances, Signature Bank must pay FCCO $1.6 million.
• Dissenters’ rights: FCCO may walk away if >10% of Signature shares give notice of intent to dissent.
• Support Agreements: directors and executive officers of Signature Bank (holding ~44.81 % of outstanding shares) agreed to vote in favor of the merger and not transfer their shares.

Governance & people: Two Signature directors will join the boards of FCCO and First Community Bank at closing. Selected Signature executives have signed employment agreements effective at closing, and a retention bonus plan will be implemented for critical employees. Non-competition agreements will be executed with all Signature directors except its CEO.

Exhibits: the full Merger Agreement (Exh. 2.1), an investor presentation (Exh. 99.1) and a press release (Exh. 99.2) accompany the Form 8-K. FCCO will later file an S-4 registration statement containing a joint proxy statement/prospectus to solicit shareholder approvals.

Next steps: preparation and mailing of the joint proxy statement/prospectus, receipt of shareholder and regulatory approvals, and completion of integration planning.