Kokomo Tribune; Kokomo, Indiana

Business

May 25, 2014

Business briefs, May 25, 2014

Tragesser to be partner at law office

The law firm of Quarles & Brady LLP today announced the opening of its Indianapolis office, the firm’s ninth location nationwide. The new office will be located in the BMO Harris Plaza, at 135 North Pennsylvania Street.

Former Kokomo High School student Joel Tragesser will be joining the new Indianapolis office of the national law firm Quarles & Brady LLP, the company recently announced.

Tragesser practices in the areas of trademark law and brand management, intellectual property licensing and business intellectual property litigation.

His work includes prosecuting trademark applications in the United States and foreign countries, drafting software licenses and litigating infringement, false advertising, unfair competition and business disputes. Tragesser represents clients in state and federal courts and often speaks on the interrelation of technology and intellectual property.

First Farmers to acquire branches

CONVERSE — First Farmers Financial Corporation, parent company of First Farmers Bank & Trust, announced it has entered into a definitive agreement to acquire deposit relationships of nine BMO Harris Bank N.A. Indiana branches. The purchase includes deposit relationships at locations in Marion, Logansport, Terre Haute, Farmersburg, Sullivan, Clay City, Brazil, Carlisle and Shelburn.

First Farmers Bank & Trust will also acquire seven of the nine branches and retain the employees from all nine locations. The acquisition does not include any loans (other than overdraft lines of credit), commercial accounts, accounts with cash management services and certain other deposit accounts associated with those locations.

”First Farmers Bank & Trust continues to uphold the philosophy and principles of community banking in a variety of markets. These new locations are representative of markets that our organization has successfully served for generations and we are very confident that our products and style service will be well received,” said Gene Miles, president and chief executive officer of First Farmers Bank & Trust.

As of February, the branches had deposits of approximately $134 million. Subject to regulatory approvals, the transaction is expected to close in the latter part of 2014.

First Farmers Financial Corp is a $1.2-billion financial holding company headquartered in Converse. First Farmers Bank & Trust has 24 offices throughout Cass, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Johnson, Starke, Tipton, Vermillion, Vigo and Wabash counties in Indiana and three offices in Coles and Edgar counties in Illinois.

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