First Community targets $12.5 million from public offering of stock

Greenshoe for $1.88 million puts the deal size at up to $14.38 million

By Susanna Moon

Chicago, May 15 - First Community Corp. registered to sell a public offering of stock for up to $14,375,000 in an S-1 filing with the Securities and Exchange Commission. The company plans to sell $12.5 million of stock with an over-allotment option for a further $1,875,000.

The company's shares (Nasdaq: FCCO) closed at $8.28 per share on May 11.

Raymond James & Associates, Inc. is the underwriter.

First Community is a bank holding company based in Lexington, S.C.

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