Business Context and Reporting Period
This Form 8-K Current Report is filed by First Community Corporation for the reporting period ending January 28, 2016. The registrant is incorporated in South Carolina and operates through its principal bank subsidiary, First Community Bank.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a regulatory event rather than financial performance data.
Material Changes
On January 28, 2016, the Board of Directors of First Community Bank received an Order Terminating Consent Order from the Federal Deposit Insurance Corporation (FDIC). This action terminated the Consent Order originally dated February 18, 2015, effective immediately on the report date.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of new risks or contingencies. The document solely confirms the resolution of the prior regulatory agreement with the FDIC.
Key Facts for Investor Verification
- First Community Bank's Consent Order with the FDIC was terminated effective January 28, 2016.
- The original Consent Order was issued on February 18, 2015.
- The termination was confirmed by an Order received by the Bank's Board of Directors.
- No financial metrics or operational changes are disclosed in this specific filing.