Business Context and Reporting Period
Company: First Community Corp
Filing Type: Form 8-K (Current Report)
Report Date: December 20, 2000
Event: First Community Bank, NA (a wholly-owned subsidiary of the Registrant) entered into a definitive agreement to purchase the Chapin, South Carolina branch office from Newberry Federal Savings Bank (a subsidiary of DutchFork Bancshares, Inc.).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific corporate transaction rather than periodic financial performance.
Material Changes
The material change reported is the expansion of the Registrant's branch network through the acquisition of a single branch location in Chapin, South Carolina. No other material changes to financial condition or operations are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the execution of the branch purchase agreement.
Key Facts for Investor Verification
- Confirmation of the closing date and final purchase price for the Chapin, SC branch.
- Assessment of the branch's contribution to future revenue and net income.
- Details regarding any regulatory approvals required to finalize the acquisition.