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

COLUMBIA, Tenn.–(BUSINESS WIRE)–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 July 15, 2019, to
shareholders of record as of July 1, 2019.

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 March 31, 2019, First Farmers reported total assets of approximately
$1.3 billion, total shareholders’ equity of approximately $137 million,
and administered trust assets of $5.1 billion. For more information
about First Farmers, visit us on the Web at www.myfirstfarmers.com
under “Investor Relations.”

Contacts

Robert E. Krimmel
Chief Financial Officer
(931)
380-8257

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