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 July 15, 2020, to shareholders of record as of July 1, 2020.
Commenting on the announcement, T. Randy Stevens, Chairman and Chief Executive Officer, said, “We are pleased to declare our quarterly cash dividends paid to shareholders for the second quarter with no changes in the per share rate from the previous quarter. This announcement reflects the 84th consecutive dividend for First Farmers shareholders dating back to 1983.”
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 March 31, 2020, First Farmers reported total assets of $1.4 billion, total shareholders’ equity of $151 million, and administered trust assets of $5.2 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”