This Middle Tennessee bank is preparing to go ... private

While some Middle Tennessee banks decided to go public this year, a Columbia lender is going against the grain. First Farmers and Merchants Bank announced plans Friday to revert to a private company. Shares of the company are currently traded on the OTC Markets, under the ticker "FFMH." "As we examined the relative advantages and disadvantages of our public status, it became apparent that the compliance and reporting costs outweighed the potential benefits of SEC registration," T. Randy Stevems,…

from
via http://www.bizjournals.com/nashville/blog/2015/11/this-middle-tennessee-bank-is-preparing-to-go.html