Gene Miles retires as CEO of First Farmers Bank & Trust, remains CEO and President of First Farmers Financial Corporation ( FFMR )
Gene Miles has retired as CEO of First Farmers Bank & Trust as of March 31, 2021, after over 41 years of service.
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Rhea-AI Summary
Gene Miles has retired as CEO of First Farmers Bank & Trust as of March 31, 2021, after over 41 years of service. His leadership led to significant growth, transitioning the bank from three locations and $44 million in assets to a $2.2 billion financial holding company. Miles will remain as President and CEO of First Farmers Financial Corporation (FFMR), while Mark 'Doc' Holt takes over as the bank's new CEO. Miles has received multiple awards, including the Bruning Award for agricultural banking.
Positive
- Gene Miles transitioned from CEO of the bank to President and CEO of First Farmers Financial Corp.
- Under Miles' leadership, the bank grew from $44 million in assets to $2.2 billion.
- The bank has a strong presence in multiple Indiana and Illinois counties.
Negative
- None.
Details
News Market Reaction – FFMR
The recorded move for FFMR in the trading session of this news was +0.80%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CONVERSE, Ind., April 02, 2021 (GLOBE NEWSWIRE) -- In accordance with established succession planning, Gene Miles retired from his daily responsibilities as Chief Executive Officer of First Farmers Bank & Trust on March 31, 2021. His impact on the Bank is immeasurable and the growth during his tenure is unparalleled throughout our company history. Gene will continue in his role going forward as President and Chief Executive Officer of First Farmers Financial Corporation ( FFMR ). Bank President Mark “Doc” Holt will serve as President and Chief Executive Officer of the bank going forward.
Gene served First Farmers for over 41 years and his career has touched on nearly every capacity within the institution, including branch manager, commercial loan officer, compliance officer, investment officer, marketing officer and accounting officer. Starting as a branch manager in 1979 at a time when the Bank had 3 locations, less than 30 employees, and a total asset size of
First Farmers Financial Corp is a
Contact:
Tade J Powell
Senior Vice President
Tade.Powell@ffbt.com
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