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First Farmers and Merchants completes branch sale to F&M Bank

Jan 29, 2019 - SNL Financial
Financial Results

First Farmers and Merchants Corp. has completed the sale of its White Bluff, Tenn.-based office to F&M Bank, effective Jan. 18.

The board of First Farmers and Merchants also extended the Columbia, Tenn.-based company's buyback plan for up to 200,000 shares through Dec. 31.

First Farmers posted fourth-quarter 2018 adjusted net income of $3.24 million, or 72 cents per share, compared to net income of $3.19 million, or 71 cents per share, in the prior-year quarter.

Clarksville, Te...