First Community Bank of East Tennessee, along with TruPoint Bank would like to officially announce the signing of a definitive merger agreement, whereby Miners and Merchants (the parent company of TruPoint Bank), will acquire First Community Bank and FCB.
FCB opened in 1993 and has successfully grown to approximately $200 million in total assets and over
40 full-time employees. TruPoint is a 50-year-old bank with approximately $500 million in total assets
and over 115 employees. TruPoint has 12 banking offices located in North Carolina, Tennessee, and
Virginia.
Tyler Clinch, President and CEO of First Community commented on the announcement stating, “We
are thrilled to join the TruPoint team as it continues to be a leading community bank in the region.
TruPoint is the ideal partner to carry forward our legacy as a local economic engine for the communities
we serve. Together, we will fulfill our mission to make banking better and easier for all of our customers
across this expanded footprint.”
We here at FCB are committed to providing more details to our customers as they become available.
Contacts:
Miners and Merchants Bancorp, Inc.
Barry Elswick
President and Chief Executive Officer
(276) 935-8161
First Community Corporation
Tyler K. Clinch
President and Chief Executive Officer
(423) 272-5800
