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Annual Meeting

 

The Annual Shareholders Meeting was held April 17th, 2018.  Chairman and Chief Executive Officer, T. Randy Stevens outlined the banks historically growth.  First Farmers is currently in 8 counties with 22 locations.  President, Brian Williams, delivered a strong message of the banks momentum based on the year’s performance.  First Farmers reported an increase in adjusted net income of 13% in 2017 and a 16% increase in adjusted earnings per share.  First Farmers and Merchants Corporation stock value increased 9% in 2017 to $41.50.  “The need for community banks in this country remains, as it did back in 1909 when First Farmers was founded.  No doubt, today, we must be more nimble and more innovate, but the place for community banking remains, and we are not ashamed to say that we want to continue to be the community bank of choice in middle Tennessee.  To accomplish this, our focus will remain upon our customer, our shareholder, our communities and our bank team.” President, Brian Williams.

For additional information visit us at: http://ir.myfirstfarmers.com/


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