First Farmers Financial Corp. announces Common Stock Buyback Program
The timing, price and quantity of purchases under the stock repurchase plan will be at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. The program will be funded from current available working capital. First Farmer’s management feels the stock repurchase plan, depending upon market and business conditions, will provide capital management opportunities and add value for the Company’s shareholders.
First Farmers Financial Corp. is a $1.65 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has 27 offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tipton, Vigo and Wabash counties in Indiana and 7 offices in Coles, Edgar and Vermilion counties in Illinois. As of October 9, 2017 the Corporation had 3,586,578 common shares outstanding.
SOURCE: News release from First Farmers Bank & Trust