First Community Corp (sc) - Recent Material Event

Item 2.02. Results of Operations and Financial Condition

On July 30, 2008, First Community Corporation, holding company for First Community Bank, issued a press release announcing its financial results for the period ended June 30, 2008.

A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 8.01. Other Events.

On July 30, 2008, First Community also announced that its Board of Directors declared a $0.08 per share dividend payable to shareholders of record as of August 11, 2008. The dividend will be paid on August 22, 2008.

First Community also previously announced an increase in the number of shares it has authorized for repurchase under its existing stock repurchase plan. The company had already authorized the repurchase of up to 250,000 shares of the company’s common stock on the open market. As of June 30, 2008, 207,513 shares have been repurchased with a total investment of $3.5 million leaving a total of 42,487 shares now available for repurchase under the plan.

The timing, price and quantity of purchases under the plan will be at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. First Community’s management believes the repurchase plan, depending upon market and business conditions will provide capital management opportunities and build value for First Community’s shareholders.

Attached as Exhibit 99.1 is a copy of the press release relating to the announcement of the share dividend and the stock repurchase plan, which are incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits

Exhibit No. Exhibit

99.1 Earnings Press Release for the quarter ended June 30, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST COMMUNITY CORPORATION

                                                                                                                                             By:     /s/ Joseph G. Sawyer
                                                                                                                                             Name:   Joseph G. Sawyer
                                                                                                                                             Title:     Chief Financial Officer

Dated: August 4, 2008