FIRST FARMERS AND MERCHANTS CORPORATION


Associated tags: Professional Services, Banking, Farmer, OTC Markets Group, FleetBoston Financial, Finance, First Merchants Corporation, Bank

First Farmers and Merchants Corporation Reports First Quarter Results

Retrieved on: 
Monday, April 22, 2024
Banking, Professional Services, Finance, Sale, Total, Investment, HTM, FleetBoston Financial, Federal, Farmer, Environment, OTC Markets Group, First, Growth

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the first quarter of 2024.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the first quarter of 2024.
  • “First Farmers’ results for the first quarter were on track with our expectations,” stated Brian K. Williams, Chairman and Chief Executive Officer of First Farmers.
  • “The repositioning of our balance sheet contributed to the expansion of our net interest margin during the first quarter.
  • First quarter 2024 stock repurchases represented a 7,034% increase compared to the sequential fourth quarter and an 87.4% increase compared to the year earlier quarter.

First Farmers and Merchants Corporation Holds Annual Meeting of Shareholders

Retrieved on: 
Thursday, April 18, 2024
Banking, Other Professional Services, Professional Services, Finance, Federal Reserve, Investment, FleetBoston Financial, Federal, PLLC, Farmer, OTC Markets Group, First, Growth, Bank

In comments made at the annual meeting of shareholders, Brian K. Williams, First Farmers’ Chairman and CEO, said, “First Farmers reported record loans, strong growth in book value per share and the second-best earnings per share performance in our 114-year history.

Key Points: 
  • In comments made at the annual meeting of shareholders, Brian K. Williams, First Farmers’ Chairman and CEO, said, “First Farmers reported record loans, strong growth in book value per share and the second-best earnings per share performance in our 114-year history.
  • We expect these strategic moves will allow our First Farmers’ team to deliver improved earnings and shareholder returns in 2024.
  • “We are also pleased to announce the addition of Dr. Martin M. Chaney as a new member of First Farmers’ Board of Directors.
  • Shareholders also re-elected nine incumbent Directors of First Farmers and Merchants Corporation for a one-year term, including:

First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share

Retrieved on: 
Tuesday, March 19, 2024
Banking, Professional Services, Finance, OTC Markets Group, FleetBoston Financial, Farmer

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.24 per share, which will be paid on April 15, 2024, to shareholders of record as of April 1, 2024.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.24 per share, which will be paid on April 15, 2024, to shareholders of record as of April 1, 2024.
  • The dividend represents a 4.3% increase compared with the cash dividend paid during the same period last year.

First Farmers and Merchants Corporation Reports 2023 Results

Retrieved on: 
Monday, January 29, 2024
Banking, Professional Services, Finance, Digital technology, OTC Markets Group, FDIC, Insurance, FHLB, Federal, History, FleetBoston Financial, Environment, Sale, Investment, First, HTM, Farmer, Growth, Bank

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the fourth quarter and year ended December 31, 2023.
  • “First Farmers reported record loans in 2023 with total loans surpassing $1 billion,” stated Brian K. Williams, Chairman and Chief Executive Officer of First Farmers.
  • Despite the adverse banking environment, we maintained our focus on managing First Farmers for the long-term and significantly increased the number of shares repurchased during 2023.
  • In response to improving capital levels as of year-end 2023, First Farmers’ Board of Directors reauthorized the stock repurchase program of up to 200,000 shares through December 2024.

Jill A. Giles Named Chief Financial Officer of First Farmers and Merchants Bank

Retrieved on: 
Wednesday, January 24, 2024
Banking, Professional Services, Finance, OTC Markets Group, Martin, CFO, Bank, Treasury, Corporation, Certified Public Accountant, Middle Tennessee State University, Humanity, Accounting, FleetBoston Financial, Investment, Risk management, Controller, American Institute, University, Management, Farmer

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jill A. Giles was named Chief Financial Officer of the Bank.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jill A. Giles was named Chief Financial Officer of the Bank.
  • The position was formerly held by Robert E. (“Bobby”) Krimmel who continues as Chief Financial Officer of the Corporation.
  • “I am pleased to announce the promotion of Jill Giles to Chief Financial Officer of First Farmers and Merchants Bank,” stated Brian K. Williams, First Farmers’ Chairman and CEO.
  • “Jill has served as Chief Accounting Officer of the Bank since 2020 and previously served as the Bank’s Controller.

Rory A. Mallard Named Chief Banking Officer

Retrieved on: 
Wednesday, January 17, 2024
Banking, Professional Services, Finance, OTC Markets Group, Music Row, United Way, Treasury management, Policy, Bank, Treasury, Middle Tennessee State University, Fifth Third Bank, FleetBoston Financial, Bank of America, Farmer, Growth, Security (finance)

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Rory A. Mallard was named to the newly created position as Chief Banking Officer.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Rory A. Mallard was named to the newly created position as Chief Banking Officer.
  • Mallard has served as Chief Commercial Banking Officer of First Farmers since 2021.
  • “He was promoted to Senior Commercial Banking Officer in 2017 and then promoted to Chief Commercial Banking Officer in 2021.
  • “As Chief Banking Officer, Rory will be responsible for the strategic direction, growth, delivery, profitability, operational efficiency, and overall performance of the commercial, treasury management and retail banking business lines.

Robert E. (“Bobby”) Krimmel Named Chief Administrative Officer

Retrieved on: 
Wednesday, January 10, 2024
Banking, Professional Services, Finance, Maker, OTC Markets Group, Senior, Risk management, Regulatory compliance, Forecasting, Corporate communication, Facility management, Master of Accountancy, Policy, Bank, Treasury, Certified Public Accountant, Humanity, Bachelor of Business Administration, Treasurer, Business administration, Information technology, Security, Accounting, FleetBoston Financial, Strategic planning, Boy, Financial management, Internal audit, Control, Controller, American Institute, Postgraduate education, Management, Farmer, Federal Reserve Bank, East Tennessee State University, Information

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Robert E. (“Bobby”) Krimmel was named to the newly created position as Chief Administrative Officer in addition to continuing as the Chief Financial Officer of First Farmers and Merchants Corporation.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Robert E. (“Bobby”) Krimmel was named to the newly created position as Chief Administrative Officer in addition to continuing as the Chief Financial Officer of First Farmers and Merchants Corporation.
  • “Bobby Krimmel joined First Farmers in 2015 as Chief Financial Officer and his strong skills in financial management had an immediate and positive impact on our operations,” stated Brian K. Williams, First Farmers’ Chairman and CEO.
  • In the newly created role as Chief Administrative Officer, Bobby will be responsible for most of the Banks’ major support functions including Accounting, Treasury, Information Technology, Project Management, Internal Controls, Information Security, Fraud, Risk Management, Facilities Management, Management Reporting Systems, Corporate Communications and Shareholder Services.
  • Prior to joining First Farmers, Krimmel served as Senior Vice President and Chief Accounting Officer for HeritageBank of the South in Albany, Georgia.

First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share

Retrieved on: 
Tuesday, December 19, 2023
Finance, Banking, Accounting, Professional Services, Asset Management, FleetBoston Financial, Farmer, OTC Markets Group

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.24 per share, which will be paid on January 16, 2024, to shareholders of record as of January 2, 2024.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.24 per share, which will be paid on January 16, 2024, to shareholders of record as of January 2, 2024.
  • The dividend represents a 4.3% increase compared with the cash dividend paid during the same period last year.

Jennifer J. McConnell Joins First Farmers as Chief Credit Officer

Retrieved on: 
Thursday, December 7, 2023
Banking, Professional Services, Finance, Senior, SunTrust Banks, OTC Markets Group, First Horizon Bank, Farmer, Commercial, SOX, Regions Financial Corporation, FleetBoston Financial, BankUnited, Fifth Third Bank, Credit, SBA, Family, Business, Centre College, First Merchants Corporation, Bank, Economics

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jennifer J. McConnell has joined the bank as Chief Credit Officer.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jennifer J. McConnell has joined the bank as Chief Credit Officer.
  • “We are pleased to announce that Jennifer McConnell has joined our bank as Chief Credit Officer,” stated Brian K. Williams, First Farmers’ Chairman and CEO.
  • Under Andy’s leadership, First Farmers has steadily improved loan quality metrics, reduced loan losses and maintained a strong credit culture.
  • We are pleased that he will be working closely with Jennifer to ensure a smooth transition.”
    “We have known Jennifer for a number of years, and her significant experience in commercial lending and executive leadership positions in credit were key attributes we sought as our next Chief Credit Officer.

First Farmers and Merchants Corporation Reports Third Quarter Results

Retrieved on: 
Monday, October 23, 2023
Banking, Professional Services, Finance, Sale, OTC Markets Group, HTM, Farmer, Interest, Digital technology, Environment, Trust, Growth, First Merchants Corporation, FleetBoston Financial, Investment, First, Bank, Online shopping, Pharmaceutical industry, Video game

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the third quarter of 2023.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the third quarter of 2023.
  • We believe these fundamentals are critical to building long-term shareholder value.”
    Key highlights of First Farmers’ results for the third quarter of 2023 include:
    Net income decreased 30.5% to $3.3 million from $4.8 million for the third quarter of 2022.
  • Net income for the third quarter of 2023 was down from the sequential second quarter by $1.7 million, or 33.7%.
  • For the third quarter of 2023, the balance of securities available-for-sale declined $48 million from the sequential second quarter.