First Farmers and Merchants Corporation Notice of Change of Location of Annual Meeting of Shareholders to Be Held on April 21, 2020

COLUMBIA, Tenn.–(BUSINESS WIRE)–$FFMH–First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that, because of the ongoing public health impact of the coronavirus (COVID-19) outbreak and the recommendations and orders of federal, Tennessee and local authorities, as well as to support the health and well-being of our personnel and shareholders, we have decided to change the location of the Annual Shareholders Meeting of First Farmers and Merchants Corporation and to hold it as a virtual meeting accessible via webcast. Shareholders will not be able to attend the Annual Meeting in person. As previously announced, the Annual Meeting will be held on Tuesday, April 21, 2020, at 11:00 a.m., Central Time.

As described in the proxy materials for the Annual Meeting previously distributed to you on or about March 9, 2020, you are entitled to participate in the Annual Meeting if you were a shareholder of record as of the close of business on March 2, 2020, the record date, or hold a legal proxy for the meeting provided by your bank, broker or nominee. To be admitted electronically to the Annual Meeting, please visit http://www.virtualshareholdermeeting.com/FFMH2020, where you will be required to enter the control number found on your proxy card. You may vote during the Annual Meeting by following the instructions available on the meeting website during the meeting. Whether or not you plan to attend the Annual Meeting, we urge you to vote and submit your proxy in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Annual Meeting.

To attend the Annual Meeting on April 21, 2020, at 11:00 a.m., Central Time, please visit http://www.virtualshareholdermeeting.com/FFMH2020. The Proxy Statement and the Annual Report are available on our Investor Relations website at http://ir.myfirstfarmers.com/2020-Annual-Meeting.

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, 2019, First Farmers reported total assets of $1.4 billion, total shareholders’ equity of $144 million, and administered trust assets of $5.4 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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