FIRST COMMUNITY CORP /SC/ — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 52/100
What the filing says
Ted Nissen, CEO of First Community Bank since July 2024, will retire December 31, 2026, after 31 years at the company. Vaughan Dozier (18 years tenure) becomes Bank CEO and Drew Painter (23 years tenure) becomes Bank President, effective January 1, 2027; both join the board. Nissen continues as paid consultant through 2027. Separately, Signature Bank of Georgia acquisition (closed January 8, 2026; systems converted March 13, 2026) added ~$195.7M loans, $229.8M deposits; 2.2-year tangible book value earnback with ~35 bps capital accretion. Company reports $2.4B total assets (6/30/26), 98 consecutive dividend quarters, and announced $0.17/share dividend increase (7/21/26).
Why this rating
Leadership transition orderly, internal; successor depth strong. Signature acquisition 11% loan growth YTD material but integration on track; modest TBV dilution mitigated by capital accretion. No near-term earnings or strategic disruption visible.
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