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First M & F Corp FMFC Agrees To Sell To RNST

|Includes: First M & F Corporation (FMFC), RNST

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.

Disclosure: I am long FMFC.