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SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
WASHINGTON,\ue000 D.C.\ue000 20549
\ue000
FORM\ue000 8-K
\ue000
Current\ue000 Report\ue000 Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of
The\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
\ue000
February\ue000 23,\ue000 2009
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported)
\ue000
First\ue000 Chester\ue000 County\ue000 Corporation\ue000\ue000
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
\ue000
Pennsylvania
0-12870
23-2288763
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of
incorporation)
(Commission
File\ue000 Number)
(I.R.S.\ue000 Employer
Identification\ue000 No.)
\ue000
\ue000
9\ue000 North\ue000 High\ue000 Street,\ue000 West\ue000 Chester,\ue000 Pennsylvania\ue000\ue000\ue000
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
\ue000
\ue000
(484)\ue000 881-4000
(Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code)
\ue000
\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
(Former\ue000 name\ue000 or\ue000 former\ue000 address,
if\ue000 changed\ue000 since\ue000 last\ue000 report.)
\ue000
\ue000
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 filing\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of
the\ue000 following\ue000 provisions:
\ue000
[[[[

]\ue000 Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act
]\ue000 Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act
]\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act
]\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act

\ue000
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Item\ue000 2.02.\ue000 Results\ue000 of\ue000 Operations\ue000 and\ue000 Financial\ue000 Condition
\ue000

On\ue000 February\ue000 23,\ue000 2009,\ue000 First\ue000 Chester\ue000 County\ue000 Corporation\ue000 (the\ue000 \u201cCompany\u201d)\ue000 issued\ue000 a\ue000 press\ue000 release\ue000 regarding\ue000 its\ue000 financial\ue000 results\ue000 for\ue000 the\ue000 year ended\ue000 December\ue000 31,\ue000 2008.\ue000 The\ue000 Company\u2019s\ue000 press\ue000 release\ue000 is\ue000 attached\ue000 as\ue000 Exhibit\ue000 99.1\ue000 to\ue000 this\ue000 Current\ue000 Report\ue000 on\ue000 Form\ue000 8-K\ue000 and\ue000 incorporated\ue000 by reference\ue000 herein.

\ue000
Item\ue000 9.01.\ue000 Financial\ue000 Statements
\ue000
(c)\ue000 Exhibits:
\ue000
\ue000
99.1\ue000 Press\ue000 release,\ue000 dated\ue000 February\ue000 23,\ue000 2009
\ue000
\ue000
SIGNATURE
\ue000
Pursuant\ue000 to\ue000 the\ue000 requirements\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 the\ue000 registrant\ue000 has\ue000 duly\ue000 caused\ue000 this\ue000 report\ue000 to\ue000 be\ue000 signed\ue000 on\ue000 its\ue000 behalf\ue000 by
the\ue000 undersigned\ue000 hereunto\ue000 duly\ue000 authorized.
\ue000
\ue000
Date:\ue000 February\ue000 23,\ue000 2009
FIRST\ue000 CHESTER\ue000 COUNTY\ue000 CORPORATION
\ue000
\ue000
\ue000
By:\ue000\ue000\ue000\ue000\ue000\ue000\ue000 /s/\ue000 John\ue000 Balzarini
\ue000
Name:\ue000 \ue000 John\ue000 E.\ue000 Balzarini
\ue000
Title:\ue000\ue000\ue000\ue000 Chief\ue000 Financial\ue000 Officer
\ue000
\ue000
\ue000
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EXHIBIT\ue000 INDEX
\ue000
Exhibit
No.
Description
99.1
Press\ue000 release,\ue000 dated\ue000 February\ue000 23,\ue000 2009.
\ue000
\ue000
\ue000
\ue000
\ue000
EDITOR:\ue000The\ue000 following\ue000
in f
\ue000\ue000 \ue000
\ue000
If\ue000 you\ue000 have\ue000 any\ue000 questio
n s ,
\ue000
\ue000
\ue000
\ue000
Featherman,\ue000 III,\ue000 Chairm
a n
\ue000
\ue000
\ue000 \ue000
\ue000
\ue000
Corporation\ue000 at\ue000 484-881-
4 1
\ue000
john.featherman@1nba
n k.
\ue000
\ue000
NEWS\ue000 RELEASE
\ue000
First\ue000 Chester\ue000 County\ue000 Corporation\ue000 Reports\ue000 Earnings\ue000 for
Fourth\ue000 Quarter\ue000 2008
\ue000
West\ue000 Chester,\ue000 PA.\ue000 \u2013\ue000 February\ue000 23,\ue000 2009\ue000 \u2013\ue000First\ue000 Chester\ue000 County\ue000 Corporation\ue000 (OTC:\ue000 FCEC),\ue000 parent\ue000 company\ue000 of\ue000 First\ue000 National\ue000 Bank\ue000 of

Chester\ue000 County\ue000 (the\ue000 \u201cBank\u201d),\ue000 announced\ue000 fourth\ue000 quarter\ue000 net\ue000 income\ue000 of\ue000 $1.3\ue000 million\ue000 for\ue000 the\ue000 three-months\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 compared\ue000 to $1.7\ue000 million\ue000 for\ue000 the\ue000 three-months\ue000 ended\ue000 December\ue000 31,\ue000 2007.\ue000 Basic\ue000 earnings\ue000 per\ue000 share\ue000 for\ue000 the\ue000 three\ue000 months\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 and December\ue000 31,\ue000 2007\ue000 was\ue000 $0.25\ue000 and\ue000 $0.34,\ue000 respectively.\ue000 Diluted\ue000 earnings\ue000 per\ue000 share\ue000 for\ue000 the\ue000 three\ue000 months\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 and\ue000 December 31,\ue000 2007\ue000 was\ue000 $0.25\ue000 and\ue000 $0.33,\ue000 respectively.\ue000 Net\ue000 income\ue000 for\ue000 the\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 was\ue000 $5.5\ue000 million\ue000 as\ue000 compared\ue000 to\ue000 $7.7\ue000 million\ue000 during the\ue000 same\ue000 period\ue000 in\ue000 2007.\ue000 Basic\ue000 earnings\ue000 per\ue000 share\ue000 for\ue000 the\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 and\ue000 2007\ue000 was\ue000 $1.05\ue000 and\ue000 $1.49\ue000 respectively.\ue000 Diluted earnings\ue000 per\ue000 share\ue000 for\ue000 the\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 and\ue000 2007\ue000 was\ue000 $1.05\ue000 and\ue000 $1.47,\ue000 respectively.

\ue000

\u201cThis\ue000 past\ue000 year\ue000 was\ue000 challenging\ue000 for\ue000 the\ue000 banking\ue000 industry,\u201d\ue000 said\ue000 John\ue000 A.\ue000 Featherman,\ue000 III,\ue000 First\ue000 Chester\ue000 County\u2019s\ue000 Chairman\ue000 and\ue000 CEO. \u201cFaced\ue000 with\ue000 difficult\ue000 economic\ue000 and\ue000 financial\ue000 market\ue000 conditions,\ue000 First\ue000 National\u2019s\ue000 results\ue000 were\ue000 negatively\ue000 impacted\ue000 from\ue000 the\ue000 write\ue000 down\ue000 of investment\ue000 securities\ue000 and\ue000 overnight\ue000 investments\ue000 as\ue000 well\ue000 as\ue000 an\ue000 increased\ue000 provision\ue000 for\ue000 loan\ue000 and\ue000 lease\ue000 losses.\ue000 However,\ue000 despite\ue000 these\ue000 charges, First\ue000 National\u2019s\ue000 balance\ue000 sheet\ue000 and\ue000 core\ue000 banking\ue000 operations\ue000 remain\ue000 strong.\ue000 We\ue000 continue\ue000 to\ue000 be\ue000 \u201cwell\ue000 capitalized\u201d\ue000(a)\ue000 and\ue000 have\ue000 experienced healthy\ue000 asset\ue000 and\ue000 deposit\ue000 growth\ue000 from\ue000 both\ue000 organic\ue000 growth\ue000 and\ue000 from\ue000 our\ue000 acquisition\ue000 of\ue000 American\ue000 Home\ue000 Bank\ue000 on\ue000 December\ue000 31,\ue000 2008.\u201d

\ue000
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