LEXINGTON, S.C., Dec. 14,
2023 /PRNewswire/ -- Today, First Community
Corporation (Nasdaq: FCCO), the holding company for First
Community Bank, announced promotions and additions to its Executive
Leadership Team. Effective July 1,
2024, J. Ted Nissen will
become the CEO of First Community Bank while still retaining the
role of President and will also be joining First Community's Board
of Directors. Effective January 1,
2024, Joseph A. "Drew" Painter and Vaughan R. Dozier, Jr. will become Executive
Vice Presidents in the roles of Co-Chief Commercial and Retail
Banking Officers. Michael C. "Mike" Crapps will continue in
his role as President and CEO of First Community
Corporation.
In his role as CEO of the bank, Mr. Nissen will be responsible
for the leadership of day-to-day operations of the bank including
its mortgage and financial planning lines of business. In
their roles as Co-Chief Commercial and Retail Banking Officers, Mr.
Painter and Mr. Dozier will be responsible for leading First
Community's network of banking offices. Mr. Crapps will
continue to focus on board governance, investor relations, strategy
development and growth decisions, client retention and prospecting,
and leadership development.
Mr. Crapps commented on the changes, "We are excited about Ted's
promotion to CEO of First Community Bank. He is a founding
member of our Executive Leadership Team and understands our
business and our culture at a deep level. Drew and Vaughan
have been with our bank for twenty and fifteen years, respectively,
each incredibly successful in their various roles with our bank,
having most recently served as Regional Market Presidents.
Each has also been recognized by the South Carolina Bankers
Association as the Young Banker of the Year. These changes to our
Executive Leadership Team will preserve our bank's culture and
prepare for the long-term success and sustainability of our bank
which will benefit us now and in the years ahead."
About First Community Corporation
First Community
Corporation stock trades on The NASDAQ Capital Market under the
symbol "FCCO" and is the holding company for First Community Bank,
a local community bank based in the Midlands of South Carolina. First
Community Bank 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, Upstate and Piedmont Regions of
South Carolina as well as Augusta,
Georgia. For more information, visit
www.firstcommunitysc.com.
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SOURCE First Community Corporation