Columbia, TN – First Farmers and Merchants Corporation (OTC PINK: FFMH), the holding company for First Farmers and Merchants Bank, is proud to announce the promotion of Jennifer J. McConnell to the role of Chief Risk Officer (CRO). This appointment marks a historic milestone for the bank as it introduces organizational oversight for enterprise-wide risk management for the first time in its 116-year history.
“Jennifer’s promotion reaffirms our commitment to strategic growth while maintaining a strong risk management culture,” said Brian K. Williams, Chief Executive Officer for First Farmers and Merchants Bank. “Enterprise Risk Management (ERM) is not a new concept for the banking industry, but for our bank, it represents a shift to a more holistic view of risk—one that positions us for long-term success.”
As Chief Risk Officer, McConnell will lead the bank’s key risk management functions, providing oversight across internal audit, regulatory compliance, information security, fraud, and credit administration. This role ensures risk management is not just a control function, but a strategic partner in achieving the bank’s objectives.
“Successful implementation of ERM will empower our bank with a clear definition of our appetite for risk, create a framework for regular and objective identification of risk, and promote proactive visibility into emerging trends,” Williams added. “Jennifer’s leadership will help us safeguard the bank’s stability while enabling innovation and growth.”
McConnell joined First Farmers just over two years ago as Chief Credit Officer and has demonstrated exceptional leadership and a commitment to sound risk management practices. Her broad banking experience and vision for ERM in a community bank setting make her an outstanding choice for this role.
“I am honored to take on this responsibility and excited to work with our team to integrate risk oversight across the organization,” said Jennifer McConnell, Chief Risk Officer. “Together, we will ensure risk management supports innovation and growth while protecting the bank’s long-term stability.”
About First Farmers and Merchants Corporation and First Farmers and Merchants Bank
Founded in 1909, First Farmers built its reputation on personalized service, local decision-making, and a deep understanding of the communities it serves. With decades of experience in commercial lending, the bank has become a trusted partner for small, mid-sized, and large businesses seeking tailored financial solutions and long-term relationships.
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, 2025, First Farmers reported total assets of approximately $1.8 billion, total shareholders’ equity of approximately $164 million, and administered trust assets of $6.7 billion. For more information about First Farmers, visit them on the web at www.myfirstfarmers.com under “Investor Relations.”
