Miners and Merchants Bancorp, Inc. (“Miners and Merchants”), the parent company of TruPoint Bank, and First Community Corporation (OTCPK: FCCT, “First Community”), the parent company of First Community Bank (“FCB”), today jointly announced that Miners and Merchants has acquired First Community and FCB.
Olsen Palmer LLC serves as financial advisor to Miners and Merchants Bancorp, Inc.
The transaction has been approved by the Board of Directors of both companies and has received shareholder and regulatory approvals. The combined institution has 16 branches.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020, according to S&P Global.