On July 13, 2025, First Community Corporation announced a merger agreement with Signature Bank, where Signature Bank will merge into First Community Bank, with a conversion rate of 0.6410 shares of First Community stock for each share of Signature Bank. The merger requires shareholder and regulatory approvals, and if certain dissenting shareholders exceed 10%, the agreement may be terminated, with a termination fee of $1.6 million owed by Signature Bank to First Community.