First Community Corporation and Savannah River Financial Corporation jointly announced the signing of a definitive merger agreement. Upon completion of the transaction, Randy Potter, CEO of SRFC, along with Paul S. Simon and Leland Reynolds, all current Savannah River Board members, will be appointed as members of the First Community Board of Directors. Additionally, Mr. Potter will serve the combined company in a consulting role for a one year period.

Jeff Spears, President of SRFC, will remain as the Regional President of the CSRA market, along with Phil Wahl, Augusta Market President, and Joe Lewis as Aiken Market President.