First Farmers Financial Corp. Declares Dividend 6/21/16

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Converse, Ind., June 21, 2016 -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on June 14, 2016 the Board of Directors approved a quarterly cash dividend for the second quarter of 2016 of $0.32 per share, payable on July FFFCLogo-01bigger-0115, 2016 to shareholders of record as of June 30, 2016. This quarterly dividend represents a 10.3% increase over the quarterly dividend declared in June 2015.

First Farmers Financial Corp is a $1.49 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has 30 offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Johnson, Starke, Sullivan, Tipton, Vermillion, Vigo and Wabash counties in Indiana and 7 offices in Coles, Edgar and Vermilion counties in Illinois.

FFBT Welcomes Two New Members to Board of Directors

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First Farmers Financial Corporation named #7 in American Banker Top 200 Community Banks; welcomes two new members to board of directors.FFFCLogo-01bigger-01

First Farmers Financial Corp. (OTCQX Banks; FFMR),  the parent company of First Farmers Bank & Trust Co., was listed 7th nationally among community banks in American Banker magazine’s annual Top 200 rankings based on return on equity average over the course of the last three years (15.33% ROAE). It is the 3rdth straight year that First Farmers has placed in the top 5% nationally among peers of less than $2 billion in assets.

First Farmers also announced the addition of two new members to its board of directors:

Keith D. Hill, Senior Vice President and CFO of First Farmers Bank & Trust, received his bachelor’s degrees in Business Administration and Economics from Barat College of DePaul University in 1993 and his Certified Public Accounting certificate in 1995.  Mr. Hill has 23 years of banking experience and will serve as a member of the Asset/Liability and Investment Committees.

Jeffrey T. Harts, Vice President and Chief Risk Officer of Central Indiana Ethanol,  received a bachelor’s degree in Agricultural Economics from Purdue University.  He has 7 years of banking experience and previously served as a Sr. Commercial and Ag Lender at FFBT. He also previously managed grain elevators for Cargill and Martin Farmers Co-op.

First Farmers Financial Corp is a $1.49 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has 30 offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Johnson, Starke, Sullivan, Tipton, Vermillion, Vigo and Wabash counties in Indiana and 7 offices in Coles, Edgar and Vermilion counties in Illinois.

Valued Directors Retire from FFFC Board

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Valued Directors Retire from First Farmers Financial Corporation Board

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Pictured: Brian Renbarger, Jan Fern, Gene Miles

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Pictured: Brian Renbarger, Mark (Doc) Holt, Gene Miles

Long time directors Janice Fern, Peru, and Mark ( Doc ) Holt, Sweetser,  were honored for their years of service upon retiring from the Board of Directors of First Farmers Financial Corporation on May 10th , 2016.

Jan Fern, whose family history dates to the founding of the bank, had served the board in various committee roles on the board since 1996.  Doc Holt left his full time veterinary practice in 2015 to assume a position at First Farmers Bank & Trust as Sr. Consumer Lending Executive.  He had served on the board since 1997 in a variety of capacities. Both received a commemorative gift vase in honor of their  board service made locally at Kokomo Opalescent Glass Co.

First Farmers Named ‘Company of the Year’

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First Farmers Bank & Trust, Miami County, was named “Company of the Year” by United Way of Miami County at the 2016 United Way and Funds Volunteer of the Year Awards Banquet held March 17, at the Sheraton Indianapolis City Centre, Indianapolis.FFBT company of the year

Miami County recognizes First Farmers Bank and Trust for their generous financial contributions as well as giving their time and skills to so many nonprofit organizations that serve the Miami County area, according to a press release from United Way.

First Farmers has given to United Way for 25 years. This year their employee campaign increased their contribution by 180 percent! They have held numerous leadership roles including Day of Caring Chair, Campaign Cabinet Chair, Vice President and Finance Chair, Community Investment Committee – plus holding that Chair role 16 different times, one staff have been Board President, and another was our past Executive Director. They are also active participants in the Food Mobile drive.

Their service goes well beyond United Way. Just hitting the high points, they volunteered and raised funds for Bona Vista, Christmas for Kids, Harvesting Capabilities ramps, a food pantry, Rotary’s Shoes That Fit, Junior Achievement, Miami County YMCA, Northern Indiana Community Foundation, and Peru High School. During 2014 and 2015, First Farmers contributed $20,000 to Feeding Indiana Hungry in Miami County and other Indiana locations.

"It’s our great pleasure to recognize First Farmers Bank and Trust and their countless employees as the Miami County Company of the Year", in the press release from Miami County United Way.

Also attending the conference from United Way of Miami County were Lisa Boothby, Board President; Diane Skillen, Board Member; Debi Wallick, Executive Director.

Don’t Fall Victim to the Grandparent Scam

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According to the Federal Trade Commission, between 2012 and 2014, consumers reported more than $42 million in losses from scams involving the impersonation of family members and friends. This scam, commonly known as the “grandparent scam,” is a form of financial abuse that deliberately targets older Americans.

To commit this crime, fraudsters call claiming to be a family member in serious trouble and in need of money immediately. The scammer might say he’s stranded or has been mugged, and call in the middle of the night to add to the urgency and confusion. Once the money is wired, the victim later finds out that it wasn’t their grandchild they were helping, it was a criminal.

  • Confirm the caller. Fraudsters are using social networking sites to gain the personal information of friends and relatives to carry out their crimes. Verify the caller by calling them back on a known number or consult a trusted family member before acting on any request.
  • Don’t be afraid to ask questions. Fraudsters want to execute their crimes quickly. In this type of scam, they count on fear and your concern for your loved one to make you act before you think. The more questions you ask the more inclined they will be to ditch the scam if they suspect you’re on to them.
  • Never give personal information to anyone over the phone unless you initiated the call and the other party is trusted.
  • Never rush into a financial decision and trust your instincts. Don’t be fooled—if something doesn’t feel right, it may not be right. Feel free to say no and get more information before you send money to someone.

For more tips on how to protect yourself and your loved ones from Elder Abuse, visit the American Banker Association's Safe Banking for Seniors resource center.

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Source: American Bankers Association

 

 

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