First M & F Corp of Kosciusko, MS (NASDAQ:FMFC) today agreed to be acquired by Renasant Bancorp (NASDAQ:RNST) for $12.50 per share. FMFC stock is up nearly 40%. CEO Hugh Potts Jr. did his shareholders very very right. I highlighted FMFC in July, 2012 when it was trading in the low $5.00 range in Timyan Bank Alert. timyanbankalert.blogspot.com/2012/07/fir....html
Disclosure: I am long FMFC.