First Farmers Bank & Trust

First Farmers Bank & Trust

Community bank with agricultural lending

Overview

First Farmers Bank & Trust is a privately held community bank serving Indiana and Illinois with more than 60,000 clients and 35 branch offices. It provides standard banking services—checking and savings deposits, commercial lending, and other financial products—through a network of branches while offering modern banking products and competitive rates. Accounts and loans are supported by a physical presence and local customer service, with emphasis on old-fashioned service plus a local, progressive work environment. The bank stands out by remaining independently owned, focusing on community needs, and maintaining a large agricultural banking operation (the largest east of the Mississippi by FDIC designation). Its goal is to deliver convenient, community-focused financial services while preserving independence and strong customer relationships.

About First Farmers Bank & Trust

Simplify's Rating
Why First Farmers Bank & Trust is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

201-500

Company Stage

IPO

Headquarters

Converse, Texas

Founded

1885

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Simplify's Take

What believers are saying

  • July 27, 2026 succession appoints Matthew Maher, preserving continuity through January 1, 2027.
  • 2026 results showed record earnings, 3.61% NIM, and 9.5% annualized loan growth.
  • Core noninterest-bearing deposits reached 30% of deposits, strengthening low-cost funding.

What critics are saying

  • The 2023 MOVEit breach triggered investigation and litigation exposure through 2026.
  • Leadership handoff from Holt to Maher creates execution risk during the January 2027 transition.
  • A larger regional bank can outspend Carmel expansion and erase First Farmers' growth thesis.

What makes First Farmers Bank & Trust unique

  • Indiana-Illinois branch density across 19 counties gives First Farmers local relationship depth.
  • 2025 deposits grew 9.9% after opening two branches, showing distribution advantage.
  • Real-time payments and trust services broaden fee income beyond plain vanilla lending.

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Benefits

Professional Development Budget

Stock Price

Company News

First Financial Bankshares, Inc.
Jul 27th, 2026
First Farmers Financial Corp. announces leadership succession plan.

First Farmers Financial Corp. announces leadership succession plan. OTCQX: FFMR Market Value ($M)238.01M Change $0.05 - 0.15% Volume 690 Stock Quote $ 34.30 As of July 27, 2026 Close Minimum 20 minute delay. First Farmers Financial Corp. Announces Leadership Succession Plan Company Release - 7/27/2026 10:41 AM ET Matthew Maher to become bank president of First Farmers Bank & Trust and a director of corporation effective January 1, 2027. Converse, Indiana, July 27, 2026 (GLOBE NEWSWIRE) - The board of directors of First Farmers Financial Corp (FFMR) announced that Matthew Maher will succeed Mark "Doc" Holt as president of the bank at the beginning of the new year. Maher's current position is Hamilton County Regional President, and he presently serves as an executive vice president of the bank. This appointment is part of a leadership succession plan as current First Farmers Financial President and CEO Keith Hill continues to serve in his role as CEO and President of First Farmers Financial Corporation. Mark 'Doc' Holt will continue to serve as CEO of First Farmers Bank & Trust and a director of both companies. Further details on the succession and transition schedule will be released at a later date. First Farmers Financial Corp is a $3.5 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has offices throughout Boone, 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. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. "OTCQX" exchange under the ticker symbol: FFMR. Tade J Powell First Farmers Financial Corporation 765-661-4160 [email protected] Source: First Farmers Financial Corporation. First Farmers Bank & Trust Serving individuals, families and businesses in Indiana and Illinois. Give First Farmers Bank & Trust Company a call: 800.371.3316 First Farmers Financial Corp is a $3.3 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. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. "OTCQX" exchange under the ticker symbol: FFMR.

Sun Commercial
Oct 30th, 2025
First Farmers Bank & Trust promotes Erin Vitz to Branch Manager of Clay City office

First Farmers Bank & Trust promotes Erin Vitz to Branch Manager of Clay City office. First Farmers Bank & Trust announced the promotion of Erin Vitz to Branch Manager of its Clay City location. Vitz has been part of the First Farmers team as Assistant Branch Manager, where she has built strong relationships with customers and served as a trusted resource within the Clay City community. With more than 15 years of banking experience, she brings a deep commitment to providing personal, attentive service and supporting the financial goals of local residents and businesses. "Clay City is a small town with big pride," said Vitz. "As branch manager, I'm honored to serve our community and go above and beyond for our little town full of big dreams. I'm grateful to be part of a team that feels like home." Vitz began her banking career in 2008, taking intentional breaks throughout her journey to focus on family and personal growth. She and her husband, Brian, have three children, Ava Emmie, and Otto. Vitz is also an active member of Grace Chapel in Brazil, where she volunteers with the middle school ministry and enjoys giving back to her community through mentorship and outreach. To learn more about First Farmers Bank & Trust, visit ffbt.com or find First Farmers on Facebook, LinkedIn and Instagram.

Maury County Source
Apr 8th, 2025
Maury Regional Health Care Foundation Recognizes 5K Winners

A total of 758 runners and walkers participated in the 2025 Mule Kick 5K & 1-Mile Trot, presented by First Farmers Bank, at Riverwalk Park on Saturday, April 5, raising a record $69,037 for the Maury Regional Health Care Foundation thanks to contributions from local sponsors and racers.

The Hamilton County Reporter
Nov 8th, 2024
First Farmers Bank & Trust hires new treasury management officer

First Farmers Bank & Trust has announced the hiring of Greta Notz as treasury management officer for the Carmel branch.

Sullivan Daily Times
Jul 3rd, 2024
First Farmers Bank & Trust hires branch manager / business development representative

First Farmers Bank & Trust announces the hiring of Jamie Lamb as branch manager/business development representative for the Sullivan, Indiana, branch located at 32 S. Court St.

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