COLUMBIA, Tenn.--(BUSINESS WIRE)--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 $0.21 per share, which will be paid on April 15, 2020, to shareholders of record as of April 1, 2020.
Commenting on the announcement, T. Randy Stevens, Chairman and Chief Executive Officer, said, “During these challenging economic times, we are pleased to reaffirm our quarterly cash dividends paid to shareholders, which represents our commitment to rewarding our shareholders. This dividend reflects the 83rd consecutive dividend for First Farmers shareholders.”
About First Farmers and Merchants Corporation and First Farmers and Merchants Bank
First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. As of December 31, 2019, First Farmers reported total assets of $1.4 billion, total shareholders’ equity of $144 million, and administered trust assets of $5.4 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”