04/12/2017
First Community Corporation to Expand Upstate South Carolina Presence
First Community Corporation (Nasdaq: FCCO), the holding company of First Community Bank, and Cornerstone Bancorp, the holding company of Cornerstone National Bank, jointly announced today the signing of a definitive merger agreement, under which First Community has agreed to acquire Cornerstone in a cash and stock transaction with a total current value of approximately $25.8 million, based on First Community’s closing price of $20.60 per share as of April 10, 2017. The transaction value at the time of the merger may change due to changes in the price of First Community stock.