First Community Corp 8-K, filed Feb 18, 2021
First Community Corp (FCCO)
About this 8-K
First Community Corp filed this 8-K on February 18, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 18, 2021, First Community Corporation (the “Company”) announced that J. Ted Nissen has been named President of the Company’s wholly-owned subsidiary bank, First Community Bank (the “Bank”), effective March 1, 2021. Mr. Nissen will succeed Michael C. Crapps, who will remain in his positions as President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank.
Mr. Nissen has been the Chief Commercial and Retail Banking Officer of the Company since June 2019 and Executive Vice President and Chief Commercial and Retail Banking Officer of the Bank since February 2013. Information regarding Mr. Nissen’s business experience and relationships with the Company has been previously reported in the Company’s proxy statement filed April 6, 2020, and in the Company’s Annual Report on Form 10-K filed on March 13, 2020, and such information is incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing Mr. Nissen’s appointment is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |
| 99.1 | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST COMMUNITY CORPORATION | |||
| By: | /s/ D. Shawn Jordan |
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| Name: | D. Shawn Jordan |
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| Title: | Chief Financial Officer | ||
Dated: February 18, 2021
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For Information: Robin Brown Executive Vice President (803) 951-0507 rbrown@firstcommunitysc.com |
First Community Bank Names J. Ted Nissen President
COLUMBIA, S.C., February 18, 2021 – The First Community Bank Board of Directors announced today that Ted Nissen, Chief Banking Officer and Executive Vice President, has been named President, a newly established role. He will work side by side with the Executive Leadership Team and First Community Bank CEO Mike Crapps in setting the strategic direction for the bank.
Mr. Nissen is a founding member of First Community Bank’s Executive Leadership Team with more than 25 years of service. He has led the commercial and retail banking teams through several market expansions into the Augusta area and the Upstate and most recently through the complexities associated with the Paycheck Protection Program. Mr. Nissen’s leadership has resulted in the bank now reaching $1.4 billion in total assets with a high quality balance sheet.
“Ted is the heart and soul of First Community Bank,” said Crapps. “He carries our cultural flag in every way and is committed to our clients’ success be it a new business venture, expansion or simply helping navigate these challenging times.”
As the largest community bank in the Midlands and third largest bank headquartered in South Carolina, First Community Bank continues to build for the future. This new position of President follows the recently added role of Chief Mortgage Banking officer filled by Narin Seera.
Nissen is an active leader in the community, serving as the incoming chair of the board of directors for the Lexington Medical Center Foundation and as chairman-elect of Engenuity SC. He currently serves as a board member of the South Carolina Bankers Association and on the loan committee of the Business Development Corporation. He is a past board member of the Columbia Chamber of Commerce,the Boys and Girls Club of the Midlands, Harvest Hope Food Bank and Midlands Technical College Foundation. Nissen is a graduate of Leadership Columbia.
“So much of what sets Ted apart as a leader is his ability to build and nurture partnerships within the bank and in the community,” said James Thomas Johnson, chairman of the First Community Board of Directors. “We are pleased to recognize Ted’s commitment to our bank and know he will continue to impact our organization in his new role.”
First Community Bank, founded in 1995 and headquartered in Lexington, South Carolina, is a wholly owned subsidiary of First Community Corporation (NASDAQ: FCCO). First Community is a full-service commercial bank offering deposit and loan products and services, residential mortgage lending, and financial planning/investment advisory services for businesses and consumers. First Community serves customers in the Midlands, Aiken and Greenville, South Carolina, markets, as well as Augusta, Georgia. For more information on First Community Bank, visit www.firstcommunitysc.com.
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