GlobeNewswire Inc | Jan 19, 2021 12:11PM EST

January 19, 2021

Converse, IN, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Converse, Indiana First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a plan to repurchase up to $1 million in the Corporations outstanding common stock on the open market during the first 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 Companys shareholders depending upon market and business conditions.

First Farmers Financial Corp is a $2.2 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois. As of December 31, 2020, the Corporation had 7,077,701 common shares outstanding.

Tade J PowellFirst Farmers Financial Corporation765-293-4162tade.powell@ffbt.com