First Community Corporation shares rise 1.43% intraday after TowneBank announced acquisition of Dogwood State Bank.

First Community Corporation rose 1.43% intraday, with the company's stock price increasing due to the recent merger agreement between TowneBank and Dogwood State Bank. The merger will expand TowneBank's presence in the Carolinas, enhancing its strategic position along the Interstate 85 corridor and increasing its footprint in key markets such as Raleigh, Greensboro-Winston Salem, Greenville, and Charlotte, North Carolina. Additionally, the merger will extend TowneBank's reach along the Eastern North Carolina coast, including new locations in Morehead City, Fayetteville, Wilmington, and Charleston, South Carolina.