Business
First Community Corporation Acquires Signature Bank of Georgia
First Community Corporation (Nasdaq: FCCO) (the "Company" or "First Community"), the holding company for First Community Bank, announced today the closing of its acquisition of Signature Bank of Georgia ("Signature Bank"), effective January 8, 2026 (the "Merger"). Following completion of the Merger, Signature Bank was merged with and into First Community Bank.
About this update from First Community Corporation
[{"type":"text","content":"LEXINGTON, S.C., Jan. 9, 2026 /PRNewswire/ -- First Community Corporation (Nasdaq: FCCO) (the "Company" or "First Community"), the holding company for First Community Bank, announced today the closing of its acquisition of Signature Bank of Georgia ("Signature Bank"), effective January 8, 2026 (the "Merger"). Following completion of the Merger, Signature Bank was merged with and into First Community Bank.","length":448,"tagName":"p"},{"type":"image","alt":"First Community Corporation logo. (PRNewsFoto/First Community Corporation)","displaySize":"","headline":null,"caption":"First Community Corporation logo. (PRNewsFoto/First Community Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":211,"url":"https://media.zenfs.com/en/prnewswire.com/01ad8f1f40f9af475067d1e428f4eb22"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/a_KCKWa7newbPOGiBmco5Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/01ad8f1f40f9af475067d1e428f4eb22","width":400,"height":211}},"href":"https://mma.prnewswire.com/media/75839/first_community_corporation_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Immediately following the completion of the Merger, the former offices of Signature Bank acquired in the Merger will continue to operate as First Community Bank d/b/a Signature Bank of Georgia until the systems conversion is completed in March 2026. With the addition of Signature Bank, the Company has more than $2.3 billion in assets, $2.1 billion in deposits and customer cash management accounts, and $1.5 billion in loans. The transaction creates a banking office network of 23 full-service offices and a loan production office spanning the Midlands, Upstate, and Piedmont regions of South Carolina, the Central Savannah River Area region of South Carolina and Georgia, and the Atlanta–Sandy Springs–Roswell, Georgia MSA.","length":726,"tagName":"p"},{"type":"text","content":"First Community President and CEO Michael C. "Mike" Crapps commented on the acquisition, "The combination of our banking companies continues our commitment as a community bank focused on local businesses, professionals, and entrepreneurs with the ability and financial strength to serve the banking needs of our communities a...