First Community Bank leader represents state for American Bankers Association

Mike Crapps, president and CEO of First Community Bank, has been appointed to a one-year term as South Carolina’s representative on the Government Relations Council Administrative Committee for the American Bankers Association.

The committee plays a critical role in the American Bankers Association’s decision-making process by developing recommendations for the association’s Board of Directors on positions and priorities relating to legislative and regulatory issues. The committee, which meets in Washington, DC, is a valuable forum to discuss and debate policies facing the banking industry as well as identify emerging banking issues.

“I am pleased to have the opportunity to represent the state of South Carolina and the premier community bank of the Midlands in this important role for the American Bankers Association,” says Crapps.

As part of his term, he will serve as a policy advocate before members of the legislative and executive branches and related agencies, local media and fellow bankers.

Posted in Community | Leave a comment

First Community Financial Consultants earn accolades

The first quarter has been one to remember at First Community Financial Consultants. We were thrilled to learn several of our planners earned performance honors from LPL Financial, our broker-dealer.

Allen Hancock, Jr., vice president and director of financial planning, earned a berth in December’s Top 10 Advisors. First Community Bank was also recognized as one of December’s Top 10 Institutions

John Lyon, senior financial consultant, earned yet another distinction for performance in 2011. He was named a Top 10 Year Over Growth Star for not just meeting, but vastly exceeding his goals.

As we proudly share these accomplishments with you, the entire team at First Community Financial Consultants is already well into the important work of 2012.

Posted in Financial Services | Leave a comment

Q & A: Joe Sawyer

Recently, the five members of First Community Bank’s executive management team sat down to chat about their perspective on the values that shape First Community Bank. For the next few weeks, we’d like to help you get to know the people who guide the bank’s future and lead the decisions. Join us for conversations with the leadership team.

Joe Sawyer, CFO

Why do community banks matter?

Small businesses need community banks. And communities need small businesses. The owners of those local businesses tend to prefer to work with a smaller bank that can provide personalized services without requiring them to deal with several layers of management.

What makes First Community Bank different?

We know where we’re going. We’ve had our executive management team together since the day we opened. As a result, we are a close-knit group that’s dedicated to ensuring First Community’s success. We’ve also worked hard to develop very strong employee relationships. Our employees are happy to be working here, and that shows up in the level of personalized, friendly service we get to provide every day.

How do you see the bank’s core values carried out every day?

Since the day we opened the bank’s doors, we have been committed to integrity. That foundation has proved to be a solid one. Obviously, the last few years have been very tough for banks, but because we have a strong history of doing the right thing, I think we were able to work through the challenges of the Recession and come out with our head up.

Posted in Community | Tagged | Leave a comment

Denise Cates named Newberry Rotary Layperson of the Year

Please join us in congratulating Denise Cates for being named the Newberry Rotary Layperson of the Year. Denise, a retail sales associate serving First Community Bank’s Newberry market, was honored at a breakfast meeting on November 22.

The annual award was established to recognize an outstanding individual in the local community who best exhibits the spirit of “Service to Others,” which is the guiding principle of all Rotary Clubs.

Denise upholds this can-do attitude through her many volunteer efforts. She works with a number of local organizations including Boy Scout Troop 222, Mid-Carolina Middle School PTO, Newberry County Chamber of Commerce, the Prosperity Business Association and Epting United Methodist Church.

During her acceptance remarks, Denise said her parents taught her to “work hard for what you want and to treat others with respect and dignity.”

It’s easy to see why we are so proud to have Denise on the First Community Bank team. Congratulations, Denise!

Posted in Community | Tagged , , , | Leave a comment

From All of Us, To You

To every business, family and individual we are privileged to serve, we thank you not only for being our customer, but for your friendship, as well.

We wish you a holiday filled with laughter and great joy!

Posted in Community | Tagged | Leave a comment

Q & A: Ted Nissen

Recently, the five members of First Community Bank’s executive management team sat down to chat about their perspective on the values that shape First Community Bank. For the next few weeks, we’d like to help you get to know the people who guide the bank’s future and lead the decisions. Join us for conversations with the leadership team.

Ted Nissen, Director Commercial & Retail Banking

A local bank should be local. The local bank should be focused on serving the community and serving others.

Why do community banks matter?

Community banks have the unique ability to really relate to small businesses and help those businesses where a larger bank would be a little more out of touch. A locally-owned bank understands the market and the challenges, and is therefore better positioned to work with other local business owners.

What makes First Community bank different?

In our market, we’re really the only local bank. We have lots of competitors, and even competitors who say they’re local — but really, they’re headquartered somewhere else. We are a Midlands bank. All of our decisions are made here, and we are free to be more responsive to our customers. We are personally invested in the success of our customers. After all, we live here too.

How do you see the bank’s core values being carried out everyday?

Passion for service, quality and integrity in all that we do, and respect for every employee — those are our core values. I see them play out in our interactions in the lobbies, in the personal attention we give customers. Our team — our lenders, our customer service representatives, our tellers, our bankers—all have a passion for delivering service, and it shows in the quality of the relationships we’ve built over the years. The secret to our excellent service is our employee culture. Our employees are happy here — and that lends itself to better service.

Posted in Community | Tagged | Leave a comment

Q & A: Mike Crapps

Recently, the five members of First Community Bank’s executive management team sat down to chat about their perspective on the values that shape First Community Bank. For the next few weeks, we’d like to help you get to know the people who guide the bank’s future and lead the decisions. Join us for conversations with the leadership team.

Mike Crapps, President and CEO

A local bank should be completely and totally focused on relationships, both internal and external.

Why do community banks matter?

If you go back in history, community banks have always played a significant role in financing local businesses and helping those businesses grow — and that contributes to community growth. So the prosperity of a community is very tightly tied to the success of a community bank, and consequently, the success of a community bank is tied to the success of the community’s business. As a community bank, we will reflect both the struggles and the successes of our customers and our communities. We are all dependent on each other — we always have been, and in this changing world, we’re probably even more so.

What makes First Community Bank different?

Our core values, which shaped the bank from day one and will always guide us. First and foremost, everything we do must be done with quality and integrity. If we can’t promise integrity or do something with quality, we just choose not to participate. That plays out in all of our actions. If we say we’re going to have a loan commitment to a customer by a certain time, well that’s a promise we’ve made and a promise to be honored. If we say we’re going to return a phone call by lunch, that’s a promise to be kept with integrity.

Next, we believe in passionate customer experiences. Every interaction we have with a customer — on the phone, in the lobby, at the grocery store, on the ball field with our children — matters. That’s why we hire people who truly enjoy people. We hire people whose mamas taught them to be nice. We look for smiles.

And last, we value and respect our employees. This value is why we might look different internally from other organizations. There are no bright lines here. We’re all a team; we all value each other’s roles. My position might be different from someone in customer support, but we believe that every role is equally important to the success of the bank.

Posted in Community | Tagged | Leave a comment

The Perfect Balance of Old and New

If you walk into Anderson’s Shoes in Newberry and sit down for a fitting, there’s a good chance that your mother or even your grandmother did the same thing, years ago. In January, Anderson’s Shoes will celebrate 102 years, making it the oldest shoe store in South Carolina. “We’ve probably fit about six generations now,” said Ed Anderson, the owner.

Anderson’s is a special place, like all true community businesses are. And yet, there’s something a little extra special about Anderson’s. Shoes have changed significantly over the last 102 years, but Anderson’s commitment to quality footwear and unmatched customer service has never wavered. It’s why their customer loyalty stretches across decades, why customers who live far from Newberry save their shoe shopping for a trip to Anderson’s.

Ed Anderson, who represents the third generation of Andersons to own and operate the family shoe store, calls it a legacy. “We’re always focused on fit and customer service,” he explained. “In fact, we’re kind of a dinosaur these days because we still fit and we still measure.” If a lifetime commitment to quality and customers is their secret, well, it’s worked. Anderson’s Shoes is a beloved fixture in the Midlands, attracting shoppers from all over.

“We can tailor our brands to what we predict our customers will want,” Ed explained. “We’re not like a major department store, where purchasing decisions are made elsewhere.” Instead, Ed focuses on meeting the wants and needs of his customer base while keeping them on trend. In his purchasing decisions, Ed tries to stay just a little ahead of their customers, to expose them to the styles they might be seeing next year. He is constantly rearranging the merchandise mix, making sure Anderson’s stays stocked with fresh styles. “We may be old, but we’re always new!” he joked.

Ed’s career in the shoe industry started early. On an Easter Saturday— the busiest shopping day in the shoe and handbag business — Ed’s father turned in desperation to his nine-year-old son after two employees called in sick. Young Ed pocketed the afternoon’s earnings in his bicycle savings fund (a Schwinn Black Phantom, to be exact), and started working in the store from that day forward. Eventually after graduation, Ed left Newberry and went on to work for major shoe manufacturers and department stores, gaining extensive retail and purchasing experience.

At last, the desire for a small town way of life proved strong enough for Ed and his family to move back to Newberry, where Ed picked up the Anderson Shoe’s tradition. Since then, Ed and his wife, Mary, have watched the business continue to flourish, just as it always has over the years. “We’ve made a real niche for ourselves because we are one of the only stores in the Midlands to carry a diverse selection of women’s narrow width shoes,” Ed said. Part of their success stems from that ability to narrow in on specific customer needs, and in focusing, offer the customer more options in many cases than a major retailer could.

However, the biggest reason for Anderson’s hundred-year success has nothing to do with shoes or style — it’s service. “Customers like a personal, hands-on experience. They like to know we really care about them,” Ed said. And for that same reason, the Andersons decided to move their business banking to First Community Bank in 2007. “They are very good people to do business with,” Ed added. “And I mean good with a capital G.”

What advice does Ed have for other small businesses in the Midlands?

  1. If you’re starting a new business, do your research. Make sure you have extensive knowledge of the industry and its requirements, and then have a plan to address them and be adequately capitalized.
  1. Know your product. Get very familiar with product you’re selling, so you can become a resource for your customer.
  1. Don’t forget the basics: Be polite. Be helpful. Be nice. It’s what keeps people coming back.
Posted in Business Profile | Tagged , , | Leave a comment

Answers for the Healthcare Haze

In a society where the economy is often uncertain and financial markets are always changing, the last thing you need to worry over is changes in healthcare. You may be experiencing both the rising cost of insurance premiums, as well as the additional scrutiny and complications of the claims process. This can be frustrating and confusing, and we want to help.

This year, the government rolled out several significant changes to Medicare, including a new time frame for the open enrollment period, starting earlier (October 15) and ending earlier (December 7). Because we know these changes impact your world, we’ve developed strategic counsel to help you navigate the best choices for your life.

At First Community Bank, our passion is helping you define your vision for the future and achieve it. Equipping you with the information you need to make smart decisions about your healthcare is just one way we help you get there.

If you are interested in learning more about how we can help, please call me at 803-240-3878 or email me at dpoole@firstcommunitysc.com.

As always, thank you for your continued support of First Community Bank.

Posted in Financial Services | Tagged , , | Leave a comment

Meet the Team: Ted Nissen

Recently, the five members of First Community Bank’s executive management team sat down to chat about their perspective on the values that shape First Community Bank. For the next few weeks, we’d like to help you get to know the people who guide the bank’s future and lead the decisions. Join us for conversations with the leadership team.

The best part of Ted Nissen’s job is when he gets to leave his desk. “That sounds awful, doesn’t it?” Ted laughed. But he went on to explain, “It’s a lot of fun for me to get out there with my team.” Ted, who is the Director of Commercial & Retail Banking, enjoys nothing more than going out in the “field” with the commercial bankers to drop by local businesses and see how the bank’s long time customers are doing.

Ted Nissen

Ted loves to see small businesses thrive, and that passion for their success has been key to First Community’s leadership team since 1995, when he first joined the bank. As the director of commercial banking, Ted has an ear to the ground, so to speak.

“We work to be really great listeners,” Ted said. Because he and his team interact with real business owners in the Midlands every day, they can quickly detect changes in the local business landscape. It’s this careful attention to detail that makes First Community Bank such a strong business partner for small business owners.

The objective for every commercial lender at First Community is not simply to meet their customers’ needs, Ted explained, but rather to truly understand their customers’ individual businesses in order to help them find solutions to problems and achieve long-term goals.

Ted’s position has given him a firsthand glimpse into how local businesses owners have fought to come through the Recession. Although the worst of the Recession is behind us, Ted can still see the effects all across balance sheets. Deposits are up, and businesses are focused on reducing their debt.

“It’s just like household economics. When times are tight, you’re more likely to save money and put off big purchases until things feel a little better,” he said. With this in mind, Ted offers this advice for local business owners:

Right now, just weather the storm. Keep a careful eye on your balance sheet and cut costs where possible. Try to build liquidity and equity in your business. In the meantime, focus on strengthening relationships with your most profitable customers.

When he’s not in the office, Ted is making the most of his last year with his high school senior son, before he and his wife enter the brand new world of empty-nesters.

Posted in Community | Tagged , , , , , , , , , , | Leave a comment