First M&F Corporation is a holding company that engages in the banking business through its wholly owned subsidiary, Merchants and Farmers Bank of Kosciusko (the Bank). The Bank offers a range of commercial and consumer services at its main office and two branches in Kosciusko, and its branches within central and north Mississippi, including Ackerman, Bruce, Brandon, Canton, Cleveland, Clinton, Durant, Flowood, Grenada, Jackson, Madison, Olive Branch, Oxford, Pearl, Philadelphia, Ridgeland, Southaven, Starkville and Tupelo. The Bank also has banking locations in southwest Tennessee in Bells, Collierville, Cordova, Germantown and Memphis. The Bank also has banking locations in central Alabama in Birmingham, Chelsea, Columbiana, Inverness, Pelham and Wilsonville. The Bank also has banking locations in the Florida panhandle in Crestview and Niceville. The company was founded in 1890 and is based in Kosciusko, Mississippi.
In December the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $40 million in exchange for preferred stock.
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Bailout Bank Bio: First M&F Corporation (M&F Bank of Kosciusko)
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Federal Equity Investment |
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Total Revenue |
$114.4 million (2008) |
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Net Income |
$526 thousand (2008) |
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Number of Employees |
548 |
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Corporate Headquarters |
Kosciusko, Mississippi |
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Business Sector |
Bank |
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Officers and Directors |
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Corporate Website |
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Executive Compensation |
2008 First M&F 10-k (Annual Report)
No federal contracts located.
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Last Updated May 26, 2009
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