First Community Corporation to Expand into Georgia Market with Acquisition of Signature Bank of Georgia

Reuters

07-14

<a href="https://laohu8.com/S/FCCT">First Community</a> Corporation to Expand into Georgia Market with Acquisition of Signature Bank of Georgia

First Community Corporation has announced a strategic merger with Signature, enhancing its capabilities and expanding its market presence. The merger agreement allows Signature shareholders to receive 0.6410 shares of First Community common stock for each Signature share. This transaction is set to improve First Community's tangible common equity to tangible assets ratio by approximately 35 basis points, achieving a pro forma ratio of 7.45%. Additionally, it is expected to boost First Community's earnings per share by about 4.4% in 2026. Signature's Chairman and CEO, Freddie J. Deutsch, will become Regional Market President and Director of Specialty Business Lending at First Community Bank. Signature's team, known for its expertise in SBA lending, will complement First Community's focus on supporting entrepreneurs and local businesses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CH29190) on July 14, 2025, and is solely responsible for the information contained therein.

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The merger agreement allows Signature shareholders to receive 0.6410 shares of <a href=\"https://laohu8.com/S/FCCTP\">First Community</a> common stock for each Signature share. This transaction is set to improve <a href=\"https://laohu8.com/S/FMFP\">First Community</a>'s tangible common equity to tangible assets ratio by approximately 35 basis points, achieving a pro forma ratio of 7.45%. Additionally, it is expected to boost First Community's earnings per share by about 4.4% in 2026. Signature's Chairman and CEO, Freddie J. Deutsch, will become Regional Market President and Director of Specialty Business Lending at First Community Bank. Signature's team, known for its expertise in SBA lending, will complement First Community's focus on supporting entrepreneurs and local businesses.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Corporation published the original content used to generate this news brief via PR Newswire (Ref. 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The merger agreement allows Signature shareholders to receive 0.6410 shares of <a href=\"https://laohu8.com/S/FCCTP\">First Community</a> common stock for each Signature share. This transaction is set to improve <a href=\"https://laohu8.com/S/FMFP\">First Community</a>'s tangible common equity to tangible assets ratio by approximately 35 basis points, achieving a pro forma ratio of 7.45%. Additionally, it is expected to boost First Community's earnings per share by about 4.4% in 2026. Signature's Chairman and CEO, Freddie J. Deutsch, will become Regional Market President and Director of Specialty Business Lending at First Community Bank. Signature's team, known for its expertise in SBA lending, will complement First Community's focus on supporting entrepreneurs and local businesses.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CH29190) on July 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALL","symbol_name":"好事达","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250714:nNDLbydSHk:1","article_id":"2551518871","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551518871","pubTimestamp":1752490901,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"First Community Corporation has announced a strategic merger with Signature, enhancing its capabilities and expanding its market presence. 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The merger agreement allows Signature shareholders to receive 0.6410 shares of First Community common stock for each Signature share. This transaction is set to improve First Community's tangible common equity to tangible assets ratio by approximately 35 basis points, achieving a pro forma ratio of 7.45%. Additionally, it is expected to boost First Community's earnings per share by about 4.4% in 2026. Signature's Chairman and CEO, Freddie J. Deutsch, will become Regional Market President and Director of Specialty Business Lending at First Community Bank. Signature's team, known for its expertise in SBA lending, will complement First Community's focus on supporting entrepreneurs and local businesses.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CH29190) on July 14, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive,corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}