Bailout Bank Bio: First Community Bank Corporation

May 18, 2009 | 2 min read | Print Article

First Community Bank Corporation of America is a unitary savings and loan holding company with one bank subsidiary, First Community Bank of America (First Community Bank) and one non-bank subsidiary, First Community Lenders Services, Inc. The Company’s primary business activity is the operation of First Community Bank. The Bank is a federally chartered stock savings bank that provides a variety of traditional banking products and services to small and middle-market businesses and individuals through its three banking offices located in Pinellas County, two banking offices located in Hillsborough County, one banking office in Pasco County and three banking offices located in Charlotte County, Florida. The company was founded in 1985 and is headquartered in Pinellas Park, Florida.

In December the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $10.7 million in exchange for preferred stock.

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Bailout Bank Bio: First Community Bank Corporation of America


Federal Equity Investment	$10.7 million
Total Revenue	$29.1 million (2008) $30.6 million (2007)
Net Income	-$3.6 million (2008) $2.9 million (2007)
Number of Employees	102
Corporate Headquarters	Pinellas Park, Florida
Business Sector	Bank
Officers and Directors	Cherven, Kenneth, President, Chief Executive Officer, Director Menke, Robert, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.efirstcommbank.com
Executive Compensation	First Community Bank Corporation of America