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First Farmers and Merchants Bank goes private

The holding company of First Farmers and Merchants Bank, a Tennessee-based community bank with more than $1.3 billion in assets, effected a cash merger resulting in taking the bank private. Cost savings was the primary objective in the transaction, according to bank president Brian K. Williams who noted that the "cost of being an SEC-registered company was not really beneficial to the corporation or its shareholders."

Waller attorneys assisted First Farmers by structuring the transaction and providing counsel on corporate, securities compliance, bank regulatory and tax issues.

For more information, see media coverage here.


Lindsay Irving
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Marlee Mitchell
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