First Farmers Financial Corp. acquires new branch location in Hamilton County

Rhea-AI Summary

First Farmers Financial Corp. (OTCQX: FFMR) announced the opening of a new bank branch in Cicero, Indiana, set for early December 2020, pending regulatory approval. The 2,500 square foot facility, previously owned by another bank, will employ at least 5 full-time staff and will offer comprehensive banking services including deposit and lending capabilities, alongside a drive-up and ATM access. This location represents the only banking facility in Cicero, targeting to enhance client service and expand market presence in the community.

Positive

• Opening a new bank branch in Cicero, Indiana enhances market presence.
• The facility will create at least 5 full-time jobs.
• Expected to strengthen relationships with existing clients in the area.

Negative

• None.

CONVERSE, Ind., Oct. 5, 2020 /PRNewswire/ -- First Farmers Financial Corp. (OTCQX: FFMR) announced a new Cicero location of First Farmers Bank & Trust will open in the 4th quarter of 2020 located at 1100 S. Peru Street. The facility is expected to open as a full-service location in early December, pending regulatory approval. Previously owned and occupied by another bank, the 2,500 square foot location will have at least 5 full time employees and will offer deposit and lending capabilities with full service drive-up and ATM access. Extensive interior renovation will be taking place at the location prior to opening through Mitsch Design of Carmel. First Farmers will be the only banking location in Cicero based in Indiana and is expected to offer lobby hours 9am-4pm Monday through Thursday, 9am-5pm on Friday and drive up hours 8am-5pm Monday through Thursday, 8am-6pm on Friday, and 9am-Noon on Saturday. "We are incredibly excited to be opening in the town of Cicero and are looking forward to becoming a partner in the entire community. The convenient location will benefit our existing clients in the area and offer us the opportunity to grow in a vibrant market," Gene Miles, Chief Executive Officer, First Farmers Bank & Trust.

First Farmers Financial Corp is a $2.1 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois.

View original content:http://www.prnewswire.com/news-releases/first-farmers-financial-corp-acquires-new-branch-location-in-hamilton-county-301145899.html

SOURCE First Farmers Financial Corp.

FAQ

When will the new First Farmers Bank & Trust location open?

The new location is expected to open in early December 2020, pending regulatory approval.

Where is the new First Farmers Bank & Trust located?

The new branch is located at 1100 S. Peru Street, Cicero, Indiana.

What services will the new Cicero branch offer?

The branch will provide full deposit and lending capabilities, along with drive-up and ATM access.

How many employees will the Cicero branch hire?

The facility is expected to employ at least 5 full-time employees.

What are the lobby hours for the new Cicero branch?

Lobby hours will be 9am-4pm Monday through Thursday, 9am-5pm on Friday, and 9am-Noon on Saturday.