Converse, Ind.-based First Farmers Financial Corp. ($1.48 billion), theparent company of First FarmersBank & Trust, completed its purchase of Fairmount, Ind.-based and unit ($56.5million), effective April 1, according to Tade Powell, vice president of marketingand public relations at First Farmers Bank & Trust.

Powell added that Citizens Exchange Bank will its transition toFirst Farmers Bank & Trust on April 16. Citizens Exchange Bank's soleFairmount location will be the organization's 37th operational branch.