Leadership & Pay ·
First Community names J. Ted Nissen to consulting role paying $40k monthly for leadership transition
FCCOFirst Community Corp
First Community Corporation announced that J. Ted Nissen will retire from all officer and board positions effective December 31, 2026. The company entered into a consulting agreement with Mr. Nissen starting January 1, 2027, to support the leadership transition and provide strategic advice. Compensation under this agreement is $40,000 per month for January through March 2027 and $15,000 per month from April through December 2027. Mr. Nissen will serve as an independent contractor with restrictive covenants lasting twelve months post-termination. First Community Corporation operates in the banking industry, providing financial services through its subsidiary, First Community Bank.