First Community Corporation announced the completion of its acquisition of Signature Bank of Georgia on January 8, 2026.
Signature Bank was merged with and into First Community Bank.
The combined entity now operates as First Community Bank d/b/a Signature Bank of Georgia until the systems conversion in March 2026.
The acquisition of Signature Bank of Georgia aligns with First Community Corporation's strategic focus on expanding its services and geographic reach to better serve local businesses, professionals, and entrepreneurs.
Acquisition Details
First Community Corporation acquired Signature Bank of Georgia for approximately $50.0 million, providing a significant boost to its assets, deposits, and loan portfolio.
New Board Appointments
Following the merger, Fred J. Deutsch joined as a non-independent director, and Jonathan W. Been joined as an independent director of First Community and First Community Bank.
Strategic Focus
The acquisition strengthens First Community Corporation's capabilities and market presence, enhancing its position as a community-focused financial institution with expanded product offerings and office network.
- The acquisition elevates First Community Corporation's total assets to over $2.3 billion and expands its office network across South Carolina and Georgia regions, solidifying its market presence in the region.
- The addition of Signature Bank enhances First Community Corporation's product offerings, including residential mortgage lending and SBA/USDA lending, providing diversification and growth opportunities.
The merger with Signature Bank of Georgia marks a strategic milestone for First Community Corporation, reinforcing its position as a community-focused financial institution with enhanced capabilities and market presence.