Business
Timothy E. Pettus, Vice Chairman of First Farmers and Merchants Bank, Announces His Retirement
Timothy E. Pettus, Vice Chairman of First Farmers and Merchants Bank, Announces His Retirement.
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 that Timothy E. Pettus will retire as Vice Chairman of the Bank on December 31, 2021, having served First Farmers in leadership positions over the past 19 years.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201005898/en/Timothy E. Pettus will retire as Vice Chairman of First Farmers and Merchants Bank on December 31, 2021, having served First Farmers in leadership positions over the past 19 years. (Photo: Business Wire)\n“We are very pleased to recognize the contributions of Tim Pettus to First Farmers and wish him continued success following his retirement,” stated T. Randy Stevens, Chairman and Chief Executive Officer of First Farmers. “Tim announced his plans to retire at year end as Vice Chairman of the Bank. He will continue to serve as Vice Chairman of the Company and a member of First Farmers’ Board of Directors until our annual meeting in April 2022 when he will have reached the Company’s mandatory retirement age.\n\n“Tim joined First Farmers in 2002 as our Regional President after serving as the Senior Banking Executive in Lawrence County, Tennessee for Bank of America. He was named our Bank’s President in January 2007 and served for nine years. Under his leadership, the Bank experienced solid growth and expansion in our markets and contributed to the leadership position we hold in our markets today. He is recognized for building our sales culture and spearheading our entry into Davidson and Williamson counties while serving as our President. He was named Vice Chairman of our Bank and Company in January 2016.\n\n“Tim’s banking career spans 48 years. He joined Commerce Union Bank in 1973 as a trainee and was promoted to bank officer a year later. He rose to Executive Vice President of Commerce Union prior to its acquisition by Sovran Bank, NationsBank and then Bank of America. In 2020, Tim was named a Leader in Banking Excellence by the Tennessee Bankers Association, an honor that recognizes elite bankers who have excelled in the areas of banking, community service and civic involvement.”\n\nPettus has contributed his time to supporting a wide range of civic and e...