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COLUMBIA, Tenn., June 10, 2024--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Teresa Matthews has joined the bank as Secondary Mortgage Operations Manager.
"We are pleased to welcome Teresa Matthews to our team as Secondary Mortgage Operations Manager," stated Brian K. Williams, First Farmers’ Chairman and CEO. "Teresa brings over two decades of extensive experience in mortgage operations and secondary market management. Her expertise will be invaluable as we continue to expand our mortgage services."
"Teresa will be transitioning into her new role with guidance from our existing leadership team to ensure a seamless integration. We are confident that her background in managing risk, quality assurance, and secondary markets will significantly contribute to our strategic objectives," Williams added.
Prior to joining First Farmers, Matthews served as Mortgage Operations Manager and Senior Vice President at Lineage Bank in Franklin, Tennessee. Her responsibilities included overseeing all aspects of mortgage operations, implementing software solutions like the Encompass Loan Origination System, and key investor relationships, as well as establishing a relationship with Freddie Mac. Matthews also managed secondary market activities such as pricing, rate establishment, and interest rate risk management.
Previously, Matthews held mortgage related roles at Franklin Synergy Bank, Cumberland Bank, and Franklin Financial Mortgage, Inc. At Franklin Synergy Bank, she managed all secondary market operations and developed comprehensive management reports for secondary marketing controls. At Cumberland Bank, she oversaw mortgage operations, implemented essential software systems, and monitored production volumes and budgets. At Franklin Financial Mortgage, Inc., she handled pricing, rate establishment, and ensured that mortgages met investor standards.
Matthews has completed numerous courses and certifications from the Mortgage Bankers Association, the American Institute of Banking, and Cannon Financial Institute.
About First Farmers and Merchants Corporation and First Farmers and Merchants Bank
First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. As of March 31, 2024, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $124 million, and administered trust assets of $6.0 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under "Investor Relations."