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.
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