First Community Corporation pays down TruPS in 2023

Posted on December 12, 2023 by in Bank News, Important Notification

In September 2023, First Community Corporation, the holding company of First Community Bank, made a $2,000,000 payment on the outstanding Trust Preferred Securities (TruPs) debt owed of $5,217,000. 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 $3,217,000 in TruPs obligations due by the Holding Company.

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