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): October 5, 2001 First Community Financial Corporation ----------------------------------------------------------------------- (Exact name of registrant as specified in its charter) North Carolina 000-26117 56-2119954 ---------------------------- -------------- ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 708 South Church Street Burlington, North Carolina 27215 -------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (336) 227-3631 N/A ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events The Board of Directors of First Community Financial Corporation, Burlington, North Carolina (the "Corporation"), the holding company for Community Savings Bank, Inc., announced October 5, 2001 that the Corporation has entered into a definitive Merger Agreement with Capital Bank Corporation, Raleigh, North Carolina ("Capital"), the holding company for Capital Bank, pursuant to which the Corporation will merge with and into Capital, with Capital being the surviving corporation. The announcement is contained in a joint press release from the Corporation and Capital which is attached hereto as Exhibit 99.1. Also attached as Exhibit 99.2 is the Merger Agreement between the Corporation and Capital. Item 7. Financial Statements and Exhibits (c) Exhibits (99.1) Joint Press Release distributed October 5, 2001 (99.2) Merger Agreement between Capital and the Corporation dated October 4, 2001 Page 2 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: October 12, 2001 By: /s/ William R. Gilliam ----------------------------- William R. Gilliam, President and Chief Executive Officer Page 3 EXHIBIT INDEX Exhibit No. Description ----------- ----------- (99.1) Press Release of the Corporation distributed October 5, 2001 (99.2) Merger Agreement between the Corporation and Capital dated October 4, 2001 Page 4