First Farmers and Merchants Corporation completes purchase of First Tennessee branch office in Nashville
September, 2018 - Nashville, Tennessee
COLUMBIA, Tenn.--(BUSINESS WIRE)-- First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, a community bank with 22 full-service locations in eight Middle Tennessee counties, today announced that it has completed the purchase of an office located at 2306 21st Avenue South in the Hillsboro Village area of Nashville from First Horizon National Corporation (NYSE: FHN). The new office will mark the Company's second branch location in Nashville and is planned to reopen under the First Farmers' name by the end of 2018.
Separately, First Farmers also announced it has entered into a definitive agreement (the "Transaction") to sell its branch office in White Bluff, Tennessee – the Bank's sole location in Dickson County – to F&M Bank in Clarksville, Tennessee. The Transaction is expected to close during the first quarter of 2019. Sandler O'Neill + Partners, L.P. served as the exclusive financial advisor to First Farmers while Waller Lansden Dortch & Davis, LLP served as legal counsel.
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