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BRIEF-First Community Corp to expand Upstate South Carolina Presence
April 12, 2017 / 1:25 PM / in 6 months

BRIEF-First Community Corp to expand Upstate South Carolina Presence

April 12 (Reuters) - First Community Corp

* First Community Corp - Co has agreed to acquire Cornerstone in a cash and stock transaction with a total current value of approximately $25.8 million

* Merger agreement has been unanimously approved by board of directors of each company

* First Community - As per deal, Cornerstone shareholders to receive $11.00 in cash or 0.54 shares of first community stock for each cornerstone share

* First Community - Current Cornerstone board members will have opportunity to serve as members of First Community’s Upstate Advisory Board Source text for Eikon: Further company coverage:

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