First Community Corporation disclosed a planned leadership transition for its subsidiary, First Community Bank. The current Bank CEO and President, J. Ted Nissen, will retire at the end of 2026. He will be succeeded by Vaughan Dozier as CEO and Drew Painter as President, with both appointments effective at the start of 2027.
Key Details
- CEO Retirement: J. Ted Nissen will retire as CEO and President of First Community Bank, and from the Board of Directors, effective December 31, 2026. He will serve as a consultant to assist with the transition.
- Successor Appointments: Effective January 1, 2027, Vaughan Dozier will be promoted to CEO of First Community Bank and Drew Painter will be promoted to President. Both will also be appointed to the Board of Directors.
- Holding Company Leadership: Mike Crapps will continue in his current role as President and CEO of the parent company, First Community Corporation.