Business
T. Randy Stevens Announces His Retirement as Chairman and CEO of First Farmers and Merchants Bank
T. Randy Stevens Announces His Retirement as Chairman and CEO of First Farmers and Merchants Bank.
About this update from First Farmers & Merchants Corp.
[{"type":"text","content":"\nFirst Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced the planned retirement of T. Randy Stevens as Chairman and Chief Executive Officer of First Farmers and Merchants Bank. Stevens will continue as Chairman of the Board and CEO of First Farmers and Merchants Corporation. Brian K. Williams, the Bank’s President, will succeed Stevens as Chairman and CEO of the Bank. The changes are effective January 1, 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211208005773/en/T. Randy Stevens announces his retirement as Chairman and CEO of First Farmers and Merchants Bank. (Photo: Business Wire)\n“I am pleased to announce that Brian Williams will be the next Chairman and CEO of First Farmers and Merchants Bank as part of our management succession plans,” stated T. Randy Stevens, Chairman and CEO of First Farmers and Merchants Corporation. “I have worked closely with Brian for the past 28 years at First Farmers. He has served in key lending, credit and trust officer positions and as the Bank’s Chief Financial Officer and Treasurer prior to his promotion as the Bank’s President in 2016. I am confident in Brian’s vision for the Bank and that he will continue the long tradition of serving our customers and community in his expanded leadership roles.”\n\nBrian K. Williams, President, added, “I am humbled to follow in the footsteps of Randy Stevens and his almost 50-year tenure at First Farmers. He started as a management trainee and has served in virtually every leadership role at the Bank. He was appointed CEO of the Bank and the Company in 2002 serving in that role for approximately 20 years of First Farmers’ 112-year history.”\n\n“The bank had $888 million in assets when Randy was promoted to CEO. Since that time, First Farmers’ assets have passed the $1.9 billion mark and $6.2 billion in administered trust assets. Under his leadership, First Farmers expanded into Williamson and Davidson Counties and opened nine new offices. Randy has championed the bank’s focus on safety and soundness and leaves First Farmers as a much stronger institution. During his tenure, he also focused on solid returns for First Farmers̵...