Darcy Wagner Promoted to Chief Compliance Officer at First Farmers and Merchants Bank

Rhea-AI Summary

First Farmers and Merchants Corporation (OTC Pink: FFMH) has appointed Ms. Darcy Wagner as the new Chief Compliance Officer. Wagner joined the company in early 2022 and has significantly contributed to compliance efforts. As CCO, she will oversee regulatory compliance in all areas of the bank. Wagner has a robust background, including nearly 20 years with Capital One and World’s Foremost Bank, and holds multiple degrees, including a Doctor of Jurisprudence. First Farmers reported assets of approximately $1.9 billion and total equity of about $85 million as of September 30, 2022.

Positive

• Appointment of Darcy Wagner as Chief Compliance Officer enhances compliance oversight.
• Wagner's extensive background in compliance strengthens the bank's regulatory framework.
• Robust financial position with total assets of approximately $1.9 billion.

Negative

• None.

COLUMBIA, Tenn.--(BUSINESS WIRE)-- First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Ms. Darcy Wagner has been promoted to Chief Compliance Officer and a member of the administration team, effective immediately.

Darcy Wagner Promoted to Chief Compliance Officer at First Farmers and Merchants Bank (Photo: Business Wire)

“Since joining First Farmers at the start of the year, Darcy Wagner has strongly supported the bank’s compliance efforts, bringing a fresh perspective to our team,” stated Brian K. Williams, Chairman and CEO. “As Chief Compliance Officer, she will be responsible for the oversight of the bank’s regulatory compliance across all areas of the bank. We look forward to her continuing contribution to the Company.”

Wagner joined First Farmers in early 2022 as Compliance Manager after working for Capital One and World’s Foremost Bank for approximately 20 years in compliance and advisory roles. She holds a Doctor of Jurisprudence degree from the University of Nebraska, as well as a Bachelor of Science in Psychology from South Dakota State University and a Bachelor of Science in Criminal Justice from University of South Dakota. Wagner is also a Certified Regulatory Compliance Manager, an accreditation awarded by the American Bankers Association.

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 September 30, 2022, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $85 million, and administered trust assets of $5.4 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027006093/en/

Robert E. Krimmel

Chief Financial Officer

(931) 380-8257

Source: First Farmers and Merchants Corporation

FAQ

Who is the new Chief Compliance Officer of First Farmers and Merchants Corporation?

Darcy Wagner has been promoted to Chief Compliance Officer of First Farmers and Merchants Corporation.

What is the stock symbol for First Farmers and Merchants Corporation?

The stock symbol for First Farmers and Merchants Corporation is FFMH.

What were the total assets reported by First Farmers and Merchants Corporation?

As of September 30, 2022, First Farmers and Merchants Corporation reported total assets of approximately $1.9 billion.

What experience does Darcy Wagner have in compliance?

Darcy Wagner has nearly 20 years of experience in compliance and advisory roles, previously working for Capital One and World’s Foremost Bank.