First Community in Lexington, S.C., has given its bank president added duties.
The $1.8 billion-asset company said in a press release that Ted Nissen will become CEO of First Community Bank on Jan. 1. Nissen, who will also join First Community’s board, will add responsibility for mortgage and financial planning.
First Community also said that Drew Painter and Vaughan Dozier Jr. will become co-chief commercial and retail banking officers at the beginning of next year. They previously served as regional market presidents.
Nissen “is a founding member of our executive leadership team and understands our business and our culture at a deep level,” Michael Crapps, the company’s president and CEO, said in the release.
Painter and Dozier “have been with our bank for 20 and 15 years, respectively, each incredibly successful in their various roles with our bank,” Crapps added. “These changes … will preserve our bank’s culture and prepare for the long-term success and sustainability of our bank.”