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<title>Prepared by EDGARX.com</title>


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<p class=MsoNormal style='text-align:justify; margin-top:0; margin-bottom:0'><u>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; ' align="center">_______________________________________________________________________________________________</p>
</u>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">UNITED STATES</p>
</b>
<p align="center"></p><b>
<p
style='letter-spacing:-.15pt; ' align="center">SECURITIES AND EXCHANGE
COMMISSION</p></b>
<p align="center"></p><b>
<p
  style='font-size:10.0pt;letter-spacing:-.15pt; ' align="center">Washington, D.C. 20549</p>
</b>
<p align="center"></p>
<p
style='font-size:10.0pt;letter-spacing:-.15pt; ' align="center">______________________________</p>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">FORM 8-K</p>
</b>
<p class=MsoNormal align=center style='text-align:center; '>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">CURRENT REPORT</p>
</b>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934</p></b>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<p
style='letter-spacing:-.15pt; ' align="center">Date of Report (Date of earliest
event reported):  January 27, 2015 (January 26, 2015)</p>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<p
style='letter-spacing:-.15pt; ' align="center">______________________________</p>
<p align="center"></p>
<p class=MsoNormal align=center style='text-align:center; '>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">FIRST FARMERS AND MERCHANTS CORPORATION</p>
</b>
<p align="center"></p>
<p
style='letter-spacing:-.15pt; ' align="center">(Exact name of registrant as
specified in its charter)</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<div align="center">
	<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="100%">
		<tr>
			<td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<b>
			<p
    style='font-size:10.0pt;letter-spacing:-.15pt; '>Tennessee</p>
			</b></td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p class=MsoNormal align=center style='text-align:center; '>
			<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></td>
			<td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<b>
			<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>000-10972</p>
			</b></td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p class=MsoNormal align=center style='text-align:center; '>
			&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
			<td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<b>
			<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>62-1148660</p>
			</b></td>
		</tr>
		<tr>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>(State or other jurisdiction
  of <br>
			incorporation)</p>
			<p></p></td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p class=MsoNormal align=center style='text-align:center; '>
			</td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>(Commission File Number)</p>
			</td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p class=MsoNormal align=center style='text-align:center; '>
			</td>
			<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
			<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>(IRS Employer Identification
  No.)</p></td>
		</tr>
	</table></div>
<p class=MsoNormal align=center style='text-align:center; '>
<p class=MsoNormal align=center style='text-align:center; '>
<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="100%">
	<tr>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		<p class=MsoNormal style='text-align:justify; '>
		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
		<td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		<b>
		<p
    style='font-size:10.0pt;letter-spacing:-.15pt; '>816 South Garden Street</p>
		<p
    style='font-size:10.0pt;letter-spacing:-.15pt; '>Columbia, Tennessee</p>
		</b></td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
		<td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		<b>
		<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>38402-1148</p>
		</b></td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">&nbsp;</td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>(Address of principal
  executive offices)</p></td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">&nbsp;</td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
		<p
  style='font-size:10.0pt;letter-spacing:-.15pt; '>(Zip Code)</p>
		</td>
		<td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">&nbsp;</td>
	</tr>
</table>
<p class=MsoNormal align=center style='text-align:center; '>
<p class=MsoNormal align=center style='text-align:center; '>
<p
style='font-size:10.0pt;letter-spacing:-.15pt; ' align="center">Registrant&#146;s telephone number,
including area code <u>   <b>(931) 388-3145    </b></u></p>
<p></p>
<p class=MsoNormal align=center style='text-align:center; '>
<p
style='font-size:10.0pt;letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:9.0pt;
letter-spacing:-.15pt; '>Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:9.0pt;
font-family:Wingdings;letter-spacing:-.15pt; '>&#168;
<font face="Times New Roman" size="2">Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</font></p>
<p></p>
<p style='font-size:9.0pt;
font-family:Wingdings;letter-spacing:-.15pt; '>&#168;
<font face="Times New Roman" size="2">Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p></p>
<p style='font-size:9.0pt;
font-family:Wingdings;letter-spacing:-.15pt; '>&#168;
<font face="Times New Roman" size="2">Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p></p>
<p style='font-size:9.0pt;
font-family:Wingdings;letter-spacing:-.15pt; '>&#168;
<font face="Times New Roman" size="2">Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p></p>
<p class=MsoNormal style='text-align:justify; '><u>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; ' align="center">_______________________________________________________________________________________________</p>
</u>
<p></p>
<hr> <p style="page-break-after: always"></p>
<p style='font-size:10.0pt;font-family:"Times New Roman","serif"; '>
&nbsp;</p>
<p class=MsoNormal><b>
<p style='letter-spacing:-.15pt; '>Section
5 - Corporate Governance and Management</p></b>
<p></p>
<blockquote>
	<p class=lhb align=left style='text-align:left;page-break-after:
auto; '><b>Item 5.02(b), (c) and (e).    Departure of Directors or Certain Officers;
Election of <br>
	Directors; Appointment of Certain Officers; Compensatory
Arrangements of <br>
	Certain Officers.</b></p>
</blockquote>
<p class=lhb align=left style='text-align:left; '>
<p style='font-weight:normal; '>&nbsp;</p>
<p></p>
<p style='font-weight:normal; '>        On
January 26, 2015, the employment of the principal financial officer of First
Farmers and Merchants Corporation (the &#147;Corporation&#148;) and First Farmers and
Merchants Bank (the &#147;Bank&#148;), Ms. Patricia P. Bearden, was terminated effective
immediately.  On January 27, 2015, Brian K. Williams, the current Executive
Vice President of the Bank, was appointed as the acting Chief Financial Officer
and Treasurer of the Corporation and the Bank.</p>
<p></p>
<p class=lhb align=left style='text-align:left; '>
<p style='font-weight:normal; '>        The
Corporation has offered Ms. Bearden severance benefits pursuant to a Settlement
and General Release Agreement (the &#147;Settlement Agreement&#148;), which provides for,
among other things, severance payments to Ms. Bearden equal to six months of
Ms. Bearden&#146;s salary immediately prior to the termination of her employment,
payable bimonthly beginning upon the date that the Settlement Agreement becomes
effective and irrevocable. The Settlement Agreement also includes a general
release of the Corporation and its affiliates by Ms. Bearden.  Pursuant to its
terms, the Settlement Agreement may be executed by Ms. Bearden at any time
within the 21-day period commencing on January 26, 2015. The terms of the Settlement
Agreement further provide that if and when Ms. Bearden signs it, with any
revisions or amendments which may be agreed to by the Corporation and Ms.
Bearden, she may revoke the Settlement Agreement within seven days by written
notice to the Corporation.  If Ms. Bearden does not execute the Settlement
Agreement or executes the Settlement Agreement and then revokes it during the
7-day period, she will not be entitled to the severance benefits provided under
the Settlement Agreement.</p>
<p></p>
<p class=lhb align=left style='text-align:left; '>
<p style='font-weight:normal; '>        Mr.
Williams, age 44, has been employed by the Bank since 1993 and was promoted to
Assistant Trust Officer in 1994.&nbsp; He received several promotions during
his nine years in the Bank&#146;s Trust Department and was promoted to Vice
President/Assistant Credit Officer in 2002 and Chief Credit Officer in
2004.&nbsp; Mr. Williams assumed the role of Senior Executive of Commercial
Banking in 2008.&nbsp; On July 16, 2013, he was promoted to Executive Vice
President/Director of Corporate Planning.&nbsp;</p>
<p></p>
<p class=lhb align=left style='text-align:left; '>
<p></p>
<p class=lhb align=left style='text-align:left;page-break-after:auto; '>
<i>
<p
style='font-weight:normal; '>This Current Report on Form 8-K may contain
&#147;forward-looking statements&#148; within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on the current
beliefs and expectations of the Corporation&#146;s management and are subject to
significant risks and uncertainties. Actual results may differ from those set
forth in the forward-looking statements. Factors that could cause the Corporation&#146;s
actual results to differ materially from those described in the forward-looking
statements can be found in the Corporation&#146;s Annual Reports on Form 10-K, which
have been filed with the Securities and Exchange Commission and are available
on the Corporation&#146;s website (www.myfirstfarmers.com) and on the Securities and
Exchange Commission&#146;s website (www.sec.gov). The Corporation does not undertake
to update the forward-looking statements to reflect the impact of circumstances
or events that may arise after the date of the forward-looking statements.</p>
</i>
<p></p>
<p></p>
<p class=MsoNormal><b><u>
<hr> <p style="page-break-after: always"></p>
<p style='font-size:10.0pt; '>
<p style='text-decoration:
 none; '>&nbsp;</p>
<p></p></u></b>
<p></p>
<b>
<p
style='letter-spacing:-.15pt; ' align="center">
<font face="Times New Roman,serif">SIGNATURES</font></p>
</b>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='letter-spacing:-.15pt; '>
<font face="Times New Roman,serif">                Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<p class=MsoNormal>
<p
style='letter-spacing:-.15pt; '>
<font face="Times New Roman,serif">                                                                                                     </font></p>
<div align="right">
	<table border="0" width="50%" cellspacing="0" cellpadding="0">
		<tr>
			<td>
			<p
style='letter-spacing:-.15pt; '>
			<font face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
			<b>FIRST
FARMERS AND MERCHANTS CORPORATION</b></font></p></td>
		</tr>
		<tr>
			<td>
			<p>&nbsp;</p></td>
		</tr>
		<tr>
			<td>
			<p class=MsoNormal style='text-align:justify; '>&nbsp;</td>
		</tr>
		<tr>
			<td>
			<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p></td>
		</tr>
		<tr>
			<td>
			<p>&nbsp;</p></td>
		</tr>
		<tr>
			<td>
			<p class=MsoNormal style='text-align:justify;'>&nbsp;</td>
		</tr>
		<tr>
			<td>
			<p style='letter-spacing:-.15pt; '>
			<font face="Times New Roman,serif">By:
			<u>/s/ T. RANDY STEVENS                          </u></font></p></td>
		</tr>
		<tr>
			<td>
			<p><font face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T. Randy Stevens</font></p>
			</td>
		</tr>
		<tr>
			<td>
			<p><font face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</font></p>
			</td>
		</tr>
	</table>
</div>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='font-size:10.0pt;
letter-spacing:-.15pt; '>&nbsp;</p>
<p></p>
<p class=MsoNormal style='text-align:justify; '>
<p style='letter-spacing:-.15pt; '>
<font face="Times New Roman,serif">Date:  January 27, 2015</font></p>
<p></p>
<p class=MsoNormal>&nbsp;</p>
<p class=MsoNormal align=center style='text-align:center; '>
<font face="Times New Roman,serif"> </font></p>

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</html>
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{"company-data": {"conformed-name": "FIRST FARMERS & MERCHANTS CORP", "cik": "0000703329", "assigned-sic": "6022", "irs-number": "621148660", "state-of-incorporation": "TN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-10972", "film-number": "15552563"}, "business-address": {"street1": "816 S GARDEN ST", "city": "COLUMBIA", "state": "TN", "zip": "38402", "phone": "931-388-3145"}, "mail-address": {"street1": "816 S GARDEN ST", "city": "COLUMBIA", "state": "TN", "zip": "38402-1148"}}
Prepared by EDGARX.com
_______________________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported):  January 27, 2015 (January 26, 2015)
______________________________
FIRST FARMERS AND MERCHANTS CORPORATION
(Exact name of registrant as
specified in its charter)
Tennessee
000-10972
62-1148660
(State or other jurisdiction
  of
incorporation)
(Commission File Number)
(IRS Employer Identification
  No.)
816 South Garden Street
Columbia, Tennessee
38402-1148
(Address of principal
  executive offices)
(Zip Code)
Registrant's telephone number,
including area code
(931) 388-3145
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
¨
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
_______________________________________________________________________________________________
Section
5 - Corporate Governance and Management
Item 5.02(b), (c) and (e).    Departure of Directors or Certain Officers;
Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of
Certain Officers.
On
January 26, 2015, the employment of the principal financial officer of First
Farmers and Merchants Corporation (the "Corporation") and First Farmers and
Merchants Bank (the "Bank"), Ms. Patricia P. Bearden, was terminated effective
immediately.  On January 27, 2015, Brian K. Williams, the current Executive
Vice President of the Bank, was appointed as the acting Chief Financial Officer
and Treasurer of the Corporation and the Bank.
The
Corporation has offered Ms. Bearden severance benefits pursuant to a Settlement
and General Release Agreement (the "Settlement Agreement"), which provides for,
among other things, severance payments to Ms. Bearden equal to six months of
Ms. Bearden's salary immediately prior to the termination of her employment,
payable bimonthly beginning upon the date that the Settlement Agreement becomes
effective and irrevocable. The Settlement Agreement also includes a general
release of the Corporation and its affiliates by Ms. Bearden.  Pursuant to its
terms, the Settlement Agreement may be executed by Ms. Bearden at any time
within the 21-day period commencing on January 26, 2015. The terms of the Settlement
Agreement further provide that if and when Ms. Bearden signs it, with any
revisions or amendments which may be agreed to by the Corporation and Ms.
Bearden, she may revoke the Settlement Agreement within seven days by written
notice to the Corporation.  If Ms. Bearden does not execute the Settlement
Agreement or executes the Settlement Agreement and then revokes it during the
7-day period, she will not be entitled to the severance benefits provided under
the Settlement Agreement.
Mr.
Williams, age 44, has been employed by the Bank since 1993 and was promoted to
Assistant Trust Officer in 1994.  He received several promotions during
his nine years in the Bank's Trust Department and was promoted to Vice
President/Assistant Credit Officer in 2002 and Chief Credit Officer in
2004.  Mr. Williams assumed the role of Senior Executive of Commercial
Banking in 2008.  On July 16, 2013, he was promoted to Executive Vice
President/Director of Corporate Planning.
This Current Report on Form 8-K may contain
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on the current
beliefs and expectations of the Corporation's management and are subject to
significant risks and uncertainties. Actual results may differ from those set
forth in the forward-looking statements. Factors that could cause the Corporation's
actual results to differ materially from those described in the forward-looking
statements can be found in the Corporation's Annual Reports on Form 10-K, which
have been filed with the Securities and Exchange Commission and are available
on the Corporation's website (www.myfirstfarmers.com) and on the Securities and
Exchange Commission's website (www.sec.gov). The Corporation does not undertake
to update the forward-looking statements to reflect the impact of circumstances
or events that may arise after the date of the forward-looking statements.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
FIRST
FARMERS AND MERCHANTS CORPORATION
By:
/s/ T. RANDY STEVENS
T. Randy Stevens
Chief Executive Officer
Date:  January 27, 2015