First Community Bank celebrates 10th anniversary

2005-07-29 / Business

Contributed by First Community Bank

First Community Bank celebrates its 10th anniversary in August. Seventeen organizing directors led by Jim Leventis and Mike Crapps began plans for First Community in May of 1994, and the bank opened 15 months later in August of 1995 with offices in Lexington and Forest Acres. The bank has since added nine banking offices including three offices in Newberry County acquired during a merger with Newberry Federal Savings Bank, which was completed in October of 2004.

First Community Bank was formed based on the belief that a local community bank is well positioned to identify the needs of the local community. By staying true to its founding philosophy, the bank has been successful, achieving profitability in only its 15 monthS of operation and continuing to report impressive earnings even while in an expansion mode. In its 10 year history, the bank has grown to over $450 million in assets and the stock for the bank’s holding company, First Community Corporation now trades on the NASDAQ small cap market.

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