Miners and Merchants Bancorp has announced a merger agreement to acquire First Community Corporation and its banking subsidiary, First Community Bank.

Target Information

Miners and Merchants Bancorp, Inc., the holding company for TruPoint Bank, has entered into a definitive merger agreement to acquire First Community Corporation, the parent company of First Community Bank. This strategic move reflects Miners and Merchants' commitment to expanding its footprint and enhancing its service offerings in the banking sector.

The acquisition marks a significant milestone for both entities, as it aims to leverage their combined resources and expertise to better serve their customers. Through this merger, they intend to create a more robust banking institution that can provide a broader range of financial products and services.

Industry Overview

The banking industry in the United States remains dynamic, characterized by ongoing consolidation efforts that aim to enhance competitiveness and operational