secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001552781-25-000220
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community to acquire Signature Bank of Georgia in $41.6M stock deal, expanding into Atlanta MSA
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- Total transaction value ~$41.6M based on FCCO closing price of $24.84; each SGBG share exchanged for 0.6410 FCCO shares.
- Pro forma combined company: ~$2.3B assets, $2.0B deposits, $1.5B loans, 23 offices across SC and GA.
- Expected to be accretive to FCCO EPS by ~4.4% in 2026; TCE/TA ratio improves ~35bps to 7.45%.
- Tangible book value dilution ~2.6% with ~2.2 year earnback; estimated IRR of ~27.6%.
- Closing anticipated early Q1 2026; subject to regulatory and shareholder approvals; unanimous board approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278125000220/0001552781-25-000220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278125000220/e25257_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-25-000220

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer