First Community Corporation Acquires Signature Bank of Georgia

Core Viewpoint - First Community Corporation has successfully completed the acquisition of Signature Bank of Georgia, enhancing its asset base and expanding its banking network [1][2][3] Group 1: Acquisition Details - The acquisition of Signature Bank was finalized on January 8, 2026, with Signature Bank merging into First Community Bank [1] - The deal is valued at approximately $50 million as of December 31, 2025, with Signature Bank shareholders receiving 0.6410 shares of First Community's common stock for each share of Signature Bank [3] - Following the merger, the combined entity has over $2.3 billion in assets, $2.1 billion in deposits, and $1.5 billion in loans [2] Group 2: Operational Impact - The former offices of Signature Bank will operate under the name First Community Bank d/b/a Signature Bank of Georgia until the systems conversion is completed in March 2026 [2] - The merger creates a banking office network of 23 full-service offices and a loan production office across various regions in South Carolina and Georgia [2] Group 3: Leadership Changes - Two new directors have been appointed to the boards of First Community and First Community Bank: Fred J. Deutsch as a non-independent director and Jonathan W. Been as an independent director [4]