Press Release

First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.21 Per Share

Company Release - 9/17/2019 4:15 PM ET

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 October 15, 2019, to shareholders of record as of October 1, 2019.

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 June 30, 2019, First Farmers reported total assets of approximately $1.4 billion, total shareholders' equity of approximately $141 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."

Robert E. Krimmel
Chief Financial Officer
(931) 380-8257

Source: First Farmers and Merchants Corporation

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