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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 10, 2000
First Community Financial Corporation
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(Exact name of registrant as specified in its charter)
North Carolina 000-26117 56-2112954
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
708 South Church Street
Burlington, North Carolina 27215
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(Address of principal executive offices)
Registrant's telephone number, including area code: (336) 227-3631
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On March 10, 2000, First Community Financial Corporation (the "Registrant")
announced that it had approved a stock repurchase plan providing for the
repurchase of up to 5% of its outstanding common stock. A copy of the press
release announcing the adoption of the stock repurchase plan is attached hereto
as Exhibit 99.
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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 FINANCIAL CORPORATION
Date: March 13, 2000 By: /s/ William R. Gilliam
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William R. Gilliam, President
and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release of the Registrant distributed March 10, 2000
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Exhibit 99
FOR IMMEDIATE RELEASE
FIRST COMMUNITY FINANCIAL CORPORATION ANNOUNCES
APPROVAL OF STOCK REPURCHASE PLAN
BURLINGTON, NC B March 10, 2000 B First Community Financial Corporation (NASDAQ:
FCFN) the parent company of Community Savings Bank, Inc., announced today that
the Company has approved a stock repurchase plan which allows the repurchase of
up to 5% of the Company=s outstanding common stock.
According to Mr. W. R. Gilliam, President and Chief Executive Officer, the
repurchases generally would be conducted through open market purchases, although
he did not rule out the possibility of unsolicited negotiated transactions or
other types or repurchases. No shares will be repurchased directly from
directors or officers of the Company.
As of February 29, 2000, First Community Financial Corporation had assets of
$236 million, stockholder=s equity of $45 million and 1,880,798 shares of
outstanding common stock. The Company=s wholly owned subsidiary, Community
Savings Bank, Inc., operates four full service banking offices in Alamance
County, North Carolina.
Contact: First Community Financial Corporation, Burlington, NC
Chris Redcay, Senior Vice President, Treasurer and
Chief Financial Officer 336-229-2744.
