First Farmers Financial Corporation

First Farmers Financial Corporation is the financial holding company for First Farmers Bank & Trust, which provides a wide range of banking products and services to individuals, families, and businesses. For businesses, the company offers checking and savings accounts, business lending, leasing, treasury management, small business loans, and services like autobooks and home base. Personal banking products include various checking accounts (essential, interest, foundation), savings accounts (regular, minor, senior, health savings), certificates of deposit, individual retirement accounts, and account management services. Lending options cover lines of credit, term loans, real estate financing, construction loans, equipment financing, inventory loans, livestock lending, vehicle financing, mortgages, home equity loans, auto loans, and collateral loans. The company also provides debit and credit cards, as well as mobile and online banking services.

First Farmers Financial Corporation is traded on the OTC Markets OTCQX exchange under the ticker symbol FFMR. The company's financials are reported in US Dollars (USD), reflecting its operations in the United States. As an OTCQX-listed security, FFMR is traded over-the-counter, which is common for smaller or regional banks that may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investors should be aware that OTC markets may have different liquidity and reporting standards compared to exchange-listed stocks.

First Farmers Financial Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing traditional banking services to local communities rather than operating on a national or global scale. Regional banks like First Farmers typically have a strong presence in specific geographic areas, offering personalized services and building relationships with local businesses and residents. This industry classification distinguishes it from larger money center banks or specialized financial institutions.

First Farmers Financial Corporation is headquartered in Converse, Indiana, United States. The company serves customers through offices located in multiple counties across Indiana, including Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash counties. Additionally, it has offices in three counties in Illinois: Coles, Edgar, and Vermilion. Founded in 1885, the bank has a long history of serving these Midwestern communities, offering a full suite of banking products tailored to the needs of individuals, families, and local businesses.

First Farmers Financial Corporation generates revenue primarily through its subsidiary, First Farmers Bank & Trust, by offering a comprehensive range of banking products and services. The company earns income from net interest income on loans and investments, as well as non-interest income from fees and service charges. Its loan portfolio includes commercial and industrial loans, real estate loans (including construction and mortgages), agricultural loans (such as livestock and equipment financing), and consumer loans (auto, collateral, and personal lines of credit). The bank also generates fee income from deposit accounts, treasury management services, leasing, and debit/credit card services. By focusing on regional markets in Indiana and Illinois, the company builds long-term relationships with customers, emphasizing personalized service and community involvement.