First Farmers Financial Corp. Announces Common Stock Buyback Program
14th Corporate Stock Buyback since October 2017
Converse, Indiana, April 13, 2021 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a plan to repurchase up to $2 million in the Corporation’s outstanding common stock on the open market.
The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended, or restarted at any time. The program will be funded from current available working capital. The board feels the stock repurchase plan will provide capital management opportunities and add value for the Company’s shareholders depending upon market and business conditions. This announcement represents the 14th Corporate Stock Buyback initiated since October 2017
First Farmers Financial Corp is a $2.3 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. As of March 31, 2021, the Corporation had 7,079,351 common shares outstanding.
CONTACT: Tade J Powell First Farmers Financial Corporation 765-293-4162 firstname.lastname@example.org
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