COLUMBIA, Tenn. (April 16, 2019) – First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that shareholders voting at the Company’s annual meeting have elected one new director, expanding the number of directors to 10, and have re-elected the nine incumbent directors. In other business conducted at the meeting, shareholders ratified the appointment of Dixon Hughes Goodman LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019.
Elected to a one-year term, the Company’s new director is Richard C. Perko, President and Chief Executive Officer of the Lee Company, a mechanical contracting, facilities and home services company. He currently serves on the Board of Williamson, Inc. and is a small group leader for Living Sent Ministries. His past affiliations include President of Plumbing, Heating, Cooling Contractors (PHCC) of Middle Tennessee, the Board of Associated Builders & Contractors, the Executive Committee for the American Heart Association Heart Walk, and the Board of Justice & Mercy International. In 2017 he was recognized as one of the “Most Admired” CEO’s in the Nashville Business Journal.
Commenting on the announcement, T. Randy Stevens, Chairman and Chief Executive Officer, said, “We are pleased to have Richard join our Board of Directors. He brings a strong leadership record, a deep understanding of business and corporate strategy and a skilled perspective on the construction and building trades industries. We expect to benefit from his experience and insight, and we look forward to his participation in the governance of our company.”
Stevens noted that, in addition to himself, eight other incumbent directors were re-elected to new one-year terms. They are:
- Jeffrey L. Aiken, President of the Tennessee Farm Bureau Federation;
- Jonathan M. Edwards, President and Chief Executive Officer of the Edwards Group of Companies;
- Thomas Napier Gordon, a real estate investor;
- Dalton M. Mounger, an attorney in private practice;
- Timothy E. Pettus, Vice Chairman of the Company and the Bank;
- Matthew M. Scoggins, Jr., Chief Executive Officer Emeritus of Tennessee Farmers Insurance Companies;
- H. Alan Watson, Chief Executive Officer of Maury Regional Health System; and
- Brian K. Williams, President of the Company and the Bank.
