First Community Corporation (NASDAQ:FCCO) Files An 8-K Results of Operations and Financial Condition

ITEM 2.02. Results of Operations and Financial Condition.

On April 19, 2017, First Community Corporation (the Company),
holding company for First Community Bank, issued a press release
announcing its financial results for the period ended March 31,
2017. The Company announced that the Board of Directors has
approved a cash dividend for the first quarter of 2017. The
Company will pay a $0.09 per share dividend to holders of the
Companys common stock. This dividend is payable on May 15, 2017
to shareholders of record as of May 1, 2017.

A copy of the press release is attached hereto as Exhibit 99.1.

FORWARD-LOOKING STATEMENTS

Certain statements in this news release contain forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995, such as statements relating to
future plans, goals, projections and expectations, and are thus
prospective. Such forward-looking statements are subject to
risks, uncertainties, and other factors which could cause actual
results to differ materially from future results expressed or
implied by such forward-looking statements. Such risks,
uncertainties and other factors, include, among others, the
following: (1) the businesses of the Company and Cornerstone
Bancorp (Cornerstone) may not be integrated successfully or such
integration may take longer to accomplish than expected; (2) the
expected cost savings and any revenue synergies from the merger
may not be fully realized within the expected timeframes or at
all; (3) disruption from the merger may make it more difficult to
maintain relationships with clients, associates, or suppliers;
(4) the required governmental approvals of the merger may not be
obtained on the anticipated proposed terms and schedule or at
all; (5) Cornerstone shareholders may not approve the merger; (6)
competitive pressures among depository and other financial
institutions may increase significantly and have an effect on
pricing, spending, third-party relationships and revenues; (2)
the strength of the United States economy in general and the
strength of the local economies in which we conduct operations
may be different than expected resulting in, among other things,
a deterioration in the credit quality or a reduced demand for
credit, including the resultant effect on the companys loan
portfolio and allowance for loan losses; (3) the rate of
delinquencies and amounts of charge-offs, the level of allowance
for loan loss, the rates of loan growth, or adverse changes in
asset quality in our loan portfolio, which may result in
increased credit risk-related losses and expenses; (4) changes in
the U.S. legal and regulatory framework; (5) adverse conditions
in the stock market, the public debt markets and other capital
markets (including changes in interest rate conditions) could
have a negative impact on the company; (6) technology and
cybersercurity risks, including potential business disruptions,
reputational risks, and financial losses, associated with
potential attacks on or failures by our computer systems and
computer systems of our vendors and other third parties; and (7)
risks, uncertainties and other factors disclosed in our most
recent Annual Report on Form 10-K filed with the Securities and
Exchange Commission (the SEC), or in any of our Quarterly Reports
on Form 10-Q or Current Reports on Form 8-K filed with the SEC
since the end of the fiscal year covered by our most recently
filed Annual Report on Form 10-K, which are available at the SECs
Internet site (http://www.sec.gov).

Although we believe that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions
could prove to be inaccurate. We can give no assurance that the
results contemplated in the forward-looking statements will be
realized. The inclusion of this forward-looking information
should not be construed as a representation by our company or any
person that the future events, plans, or expectations
contemplated by our company will be achieved. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future
events, or otherwise.

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT

In connection with the proposed merger with Cornerstone, the
Company will file with the SEC a registration statement on Form
S-4 that will include a proxy statement/prospectus for the
shareholders of Cornerstone. The Company also plans to file other
documents with the SEC regarding the merger with Cornerstone.
Cornerstone will mail the final proxy statement/prospectus to its
shareholders. BEFORE MAKING ANY INVESTMENT OR VOTING DECISION,
CORNERSTONE INVESTORS ARE URGED TO READ THE PROXY STATEMENT/
PROSPECTUS REGARDING THE MERGER AND ANY OTHER RELEVANT DOCUMENTS
CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy
statement/prospectus, as well as other filings containing
information about the Company, will be available, without charge,
at the SECs website (http://www.sec.gov). Copies of the proxy
statement/prospectus and the filings with the SEC that will be
incorporated by reference in the proxy statement/ prospectus can
also be obtained, without charge, by directing a request to First
Community Corporation, 5455 Sunset Blvd., Lexington, SC 29072,
Attention: Michael Crapps.

This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful under the securities laws of any such
jurisdiction.

ITEM 8.01. Other Events.

The information set forth in Item 2.02 of the Current Report on
Form 8-K is incorporated by reference in this Item 8.01.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

About First Community Corporation (NASDAQ:FCCO)

First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas. The Bank offers a range of traditional banking products and services for professionals and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services. The Bank also offers online banking to its customers. Its other services include Internet banking, cash management services, safe deposit boxes, traveler checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. The Bank offers non-deposit investment products and other investment brokerage services through a registered representative with an affiliation through LPL Financial.

First Community Corporation (NASDAQ:FCCO) Recent Trading Information

First Community Corporation (NASDAQ:FCCO) closed its last trading session up +0.25 at 20.25 with 1,344 shares trading hands.