Item 8.01. Other Events

First Corporation has amended its Articles of Incorporation to increase the number of its authorized shares of common stock, par value $.001 per share, from 100,000,000 shares to 1,000,000,000 shares. The amendment was completed to prepare for the planned 10-for-1 split of First Corporation's common stock. The split is to take effect on October 25, 2012 and was more fully described in the Information Statement on Schedule 14C which was filed with the Securities and Exchange Commission on October 1, 2012 and distributed to shareholders shortly thereafter.