Welcome to our dedicated page for First Community SEC filings (Ticker: FCCO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Community Corp filings document the reporting obligations of a South Carolina bank holding company whose common stock trades under FCCO. The company’s 8-K filings cover operating and financial results, cash dividend declarations, share repurchase authorization, investor presentations and the completed merger of Signature Bank of Georgia into First Community Bank.
Proxy materials describe annual shareholder voting matters, director elections, executive compensation votes and governance procedures. The filing record also identifies capital-structure details for the company’s common stock and recurring banking disclosures tied to regulatory capital, credit quality, loan and deposit activity, mortgage banking, investment advisory operations and acquisition-related matters.
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.
Form 4 filing (FCCO): Director Leland E. Reynolds elected to defer board compensation, receiving 226 deferred stock units on 06/30/2025 at a reference price of $24.32 per share under First Community Corporation’s Amended & Restated Non-Employee Director Deferred Compensation Plan. His total beneficial ownership rises to 29,965 shares, which includes 942 deferred units (with 4 units credited as dividend equivalents during Q2-2025). No derivative securities or sales were reported. The transaction is classified as an “A” (acquisition), executed directly, and reflects routine compensation deferral rather than an open-market purchase.