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First Farmers and Merchants Bank (OTCMKTS:FFMH) Stock In Focus After Recent News

Ian Leigh , , , ,

Holding company for First Farmers and Merchants Bank (OTCMKTS:FFMH), First Farmers and Merchants Corporation, on May 8, 2023, announced that Joseph Patterson has joined the institution as Commercial Relationship Manager.

Trading Data

On Monday, FFMH stock rose 1.67% to $24.99 with more than 5.10K shares, compared to its average volume of 1.29K shares. The stock moved within a range of $24.99 – 24.99 after opening trade at $24.99.

Joseph Patterson Joins First Farmers as Commercial Relationship Manager

Mr. Rory Mallard, Chief Commercial Banking Officer expressed delight at Patterson joining the commercial banking team at First Farmers. Mallard added that Patterson brings a wealth of experience in commercial lending in Middle Tennessee. Mallard further stated that Patterson has a proven track record in creating long-term relationships with customers.

Prior to this, he was recognized with the President’s Circle Award from CapStar Bank. Mallard expressed delight in the new person strengthening the support of existing customers and expanding the commercial customer base.

With over a decade of experience in financial services, Patterson started his career at U.S. Bank as a Senior Banking Business Specialist. He was till recently the Vice President Commercial Relationship Manager for CapStar Bank in Brentwood as well as Nashville, TN. A graduate of Independence University, he has a major in Business Administration and Management.

First Farmers and Merchants Bank is a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. The Bank had total assets of about $1.9 billion by March 31, 2023, and total shareholders’ equity of approximately $110 million.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.