First Farmers Financial Announces Common Stock Buyback
USAgNet - 07/11/2019
First Farmers Financial Corp. announced an approved a plan to repurchase up to $2 million in the Corporation's outstanding common stock on the open market during the second quarter.
The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended or restarted at any time. The program will be funded from current available working capital. The board
feels the stock repurchase plan will provide capital management opportunities and add value for the Company's shareholders depending upon market and business conditions.
First Farmers Financial Corp is a $1.9 billion financial holding company headquartered in Converse, Indiana.