First Community Corporation Pays Down TruPS

Posted on March 30, 2018 by in Bank News

Corporation Makes TruPs Payment

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In March 2018, First Community Corporation (FCC), the holding company of First Community Bank, made a $1,000,000 payment on the outstanding Trust Preferred Securities (TruPS) debt owed of $7,000,000.  This pay-down was a voluntary optional election of the Corporation and is not predictive of future decisions regarding payment of the TruPS.  This leaves a remaining balance of $6,000,000 in TruPS obligations due by the holding company.

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