First Community Corporation appoints Terrance Ford and Shell K. Berry to board

First Community Corporation (NASDAQ:FCCO) announced that effective October 1, 2026, Terrance Ford and Shell K. Berry have been appointed to the boards of both First Community Corporation and First Community Bank. The information is based on a press release statement included in a recent SEC filing.The appointments come as the regional bank holding company, with a market capitalization of $322 million, trades at $34.25 per share and has delivered a 17% return year-to-date. According to InvestingPro analysis, FCCO appears undervalued relative to its Fair Value, placing it among opportunities on the most undervalued stocks list. The company has maintained dividend payments for 25 consecutive years and recently raised its dividend for the fourth straight year, demonstrating financial stability that may appeal to the new board members. InvestingPro subscribers have access to 5 additional exclusive tips about FCCO’s financial outlook.

Committee assignments for Mr. Ford and Ms. Berry have not yet been determined. Both will participate in the company’s current compensation arrangements for non-employee directors as described in the proxy statement for the 2026 annual meeting. There are no arrangements or understandings with other persons regarding their selection, and neither has engaged in transactions with the company or bank that would require disclosure as related party transactions.

Mr. Ford, age 47, is Vice President of AT&T South Carolina, a role he has held since 2023, overseeing statewide strategy, legislative affairs, public policy, philanthropy, and external engagement. He has nearly 30 years of experience at AT&T in various operational and leadership positions and currently serves as Chairman of the Greater Columbia Chamber of Commerce Board of Directors. Mr. Ford holds a bachelor’s degree and an MBA from Webster University.

Ms. Berry, age 54, is President and Chief Executive Officer of the Community Foundation for the Central Savannah River Area, a position she has held since 2015. Under her leadership, the foundation’s assets have grown from about $60 million to over $215 million. Ms. Berry’s prior experience includes investment banking at Banc of America Securities LLC, development for the Atlanta Ballet, and retail business ownership. She serves on several boards, including the HUB Augusta Collaborative Board of Directors and Augusta Economic Development Authority. Ms. Berry holds a bachelor’s degree from Wake Forest University and a master’s degree from Northwestern University’s Kellogg School of Management.

First Community Corporation is headquartered in Lexington, South Carolina, and its common stock is traded on the Nasdaq Capital Market under the symbol FCCO.

In other recent news, First Community Corporation announced the upcoming retirement of Freddie Deutsch, the Director of Specialty Business Lending at First Community Bank. His retirement is set to take effect on January 15, 2027. Deutsch will also step down from the boards of directors of both First Community Corporation and First Community Bank. He joined the company following the acquisition of Signature Bank of Georgia, which was finalized on January 8, 2026. During his tenure, Deutsch was instrumental in integrating the acquired business and advancing the bank’s Small Business Administration lending line. The company noted that Deutsch has largely fulfilled these objectives. These developments mark a significant transition for First Community Corporation as they prepare for leadership changes.