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

Rhea-AI Summary

First Farmers and Merchants Corporation (OTC Pink: FFMH) has announced a quarterly cash dividend of $0.21 per share, payable on April 15, 2021, to shareholders of record as of April 1, 2021. The bank, serving the Middle Tennessee area, reported total assets of approximately $1.8 billion and total shareholders’ equity of about $160 million as of December 31, 2020. This dividend reflects the company's ongoing commitment to return value to its shareholders.

Positive

• Declared quarterly cash dividend of $0.21 per share.
• Dividend payment date set for April 15, 2021.
• Total assets reported at approximately $1.8 billion.
• Total shareholders’ equity approximately $160 million.

Negative

• None.

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 April 15, 2021, to shareholders of record as of April 1, 2021.

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 December 31, 2020, First Farmers reported total assets of approximately $1.8 billion, total shareholders’ equity of approximately $160 million, and administered trust assets of $5.9 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/20210316006056/en/

FAQ

What is the dividend amount for FFMH?

The dividend amount for FFMH is $0.21 per share.

When will the FFMH dividend be paid?

The FFMH dividend will be paid on April 15, 2021.

What is the record date for FFMH's dividend?

The record date for FFMH's dividend is April 1, 2021.

What are FFMH's total assets as of December 31, 2020?

FFMH reported total assets of approximately $1.8 billion as of December 31, 2020.

What is the total shareholders' equity for FFMH?

The total shareholders' equity for FFMH is approximately $160 million.