Exhibit 99



FOR IMMEDIATE RELEASE


CONTACT:  Chris Redcay
          Chief Financial Officer
          336-229-2744


           FIRST COMMUNITY FINANCIAL CORPORATION TO REPURCHASE STOCK

BURLINGTON, NC - May 25, 2001 - First Community Financial Corporation (NASDAQ:
FCFN) announced today that it has received approval to repurchase up to 160,888
shares, or 10%, of the Company's outstanding shares of common stock.

     "The repurchase plan will support our continued strategy to leverage our
capital structure and at current prices represents an attractive investment,"
said President and Chief Executive Officer, W. R. Gilliam.  "At current prices,
a share repurchase will have a positive impact on per share earnings, book value
and return on equity".

     Repurchases will generally be made through open market purchases.  The
repurchased shares will be held as  treasury stock and will be available for
general corporate purposes.

     On April 30, 2001, the Company had assets of $207 million and shareholders
equity of $43.7 million.  The Company's wholly owned subsidiary, Community
Savings Bank, Inc., conducts business from four full service offices in Alamance
County, North Carolina.