First Community Corporation (FCCO) filed a Form 8-K on September 8, 2026, to disclose an upcoming leadership transition and provide investor presentation materials. The filing includes a slide deck detailing the company's financial performance for the second quarter of 2026 and its strategic initiatives.
The presentation outlines a multi-step leadership transition plan for First Community Bank. Effective January 1, 2027, Ted Nissen is set to retire from the Bank and the Board of Directors. Concurrently, Vaughan Dozier will be promoted to First Community Bank CEO and appointed to the Board, while Drew Painter will be promoted to First Community Bank President and appointed to the Board. Mr. Nissen will serve as a Consultant and Advisor to assist with the transition. In the interim, Mr. Nissen has served as First Community Bank CEO since July 1, 2024, following his promotion to the Board.
Regarding financial results, the company reported total assets of $2.4 billion as of June 30, 2026. The presentation highlights a 11.0% annualized growth rate in the loan portfolio for the first half of 2026. The company also noted that it has paid dividends for 98 consecutive quarters, with a current yield of 2.01%.
In addition to the leadership update, the filing details the acquisition of Signature Bank of Georgia, which closed on January 8, 2026. The acquisition is intended to expand the company's presence into the Atlanta market and add Small Business Administration (SBA) lending capabilities. The company also announced a plan to repurchase up to $7.5 million of common stock and approved an increase in the cash dividend to $0.17 per share.
