- CEO
- Tyler K. Clinch
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Rogersville United States of America
- IPO Date
- Jul 23, 2007
- Business
- First Community Corporation (FCCY; FCCTP) serves as the holding company for First Community Bank of East Tennessee, a Tennessee state-chartered community bank providing retail and commercial banking services to individuals and businesses in East Tennessee. The bank offers deposit products including demand deposits, savings accounts, checking accounts, money market accounts, individual retirement accounts, and certificates of deposit; lending products such as commercial real estate loans, residential real estate loans, consumer loans, term loans, lines of credit, construction lending, equipment and machinery financing, tenant improvement financing, government-guaranteed lending, and loans for business expansion and asset acquisition; and additional services comprising safe deposit boxes, insurance products, investment products and services, internet and mobile banking, digital banking, online bill payment, ATM/Visa debit cards, telephone banking, and direct deposit services. It operates through four branches located in Rogersville, Church Hill, and Kingsport, Tennessee, with digital and mobile channels supporting broader access; the company was founded in 1993 and maintains headquarters at 809 West Main Street, P.O. Box 820, Rogersville, Tennessee 37857. As of December 31, 2024, total assets stood at $195.9 million. In recent developments, First Community Corporation announced a proposed merger with TruPoint Bank in 2025, scheduling a special called shareholder meeting for August 15, 2025, to approve the transaction, with the board recommending a vote in favor; it made voluntary payments to reduce Trust Preferred Securities (TruPS) debt, including $2 million in September 2023 (reducing the balance to $3.217 million), $1 million in March 2024 (to $2.217 million), and earlier reductions in prior years; additionally, the company approved annual cash dividends in November 2024 for common (FCCT, $0.25 per share), Series A preferred (FCCTP, $0.2625 per share), and Series B preferred (FCCTO, $0.2750 per share) shareholders of record as of December 12, 2024, continuing a pattern of consistent payouts.