People: First M & F Corp (FMFC.O)
FMFC.O on Nasdaq
15.50USD
24 May 2013
15.50USD
24 May 2013
Price Change (% chg)
$0.26 (+1.71%)
$0.26 (+1.71%)
Prev Close
$15.24
$15.24
Open
$15.10
$15.10
Day's High
$15.54
$15.54
Day's Low
$15.10
$15.10
Volume
10,277
10,277
Avg. Vol
14,818
14,818
52-wk High
$15.88
$15.88
52-wk Low
$4.08
$4.08
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Hugh Potts |
68 | 1994 | Chairman of the Board, Chief Executive Officer |
John Copeland |
60 | 2004 | Chief Financial Officer, Executive Vice President of the company and M&F Bank |
Jeffrey Lacey |
50 | 2009 | President, Chief Banking Officer of M&F Bank; Director |
Samuel Potts |
34 | 2008 | Vice President - Corporate Planning, Performance & Risk Management of M&F Bank; Director |
Eric Hanbury |
40 | 2011 | Executive Vice President and Chief Credit Officer of M&F Bank |
Grover Kinney |
52 | 2011 | Executive Vice President - Retail Banking of M&F Bank |
Barry Winford |
46 | 2011 | Executive Vice President - Corporate Banking of M&F Bank |
Scott Wiggers |
68 | 2009 | Director |
Eddie Briggs |
63 | 2012 | Independent Director |
Hollis Cheek |
67 | 2004 | Independent Director |
Jon Crocker |
70 | 1996 | Independent Director |
James Frerer |
55 | 2011 | Independent Director |
K. Michael Heidelberg |
40 | 2012 | Independent Director |
John Love |
40 | 2008 | Independent Director |
Otho Pettit |
62 | 1993 | Independent Director |
Julie Taylor |
52 | 2011 | Independent Director |
Lawrence Terrell |
69 | 2004 | Independent Director |
Lawrence Terrell |
44 | 2011 | Independent Director |
James Tims |
69 | 2000 | Independent Director |
Biographies
| Name | Description |
|---|---|
Hugh Potts |
Mr. Hugh S. Potts, Jr., is Chairman of the Board and Chief Executive Officer of First M&F Corporation. Mr. Potts has served as Chairman and CEO of the Company and M&F Bank since 1994, Vice Chairman from 1983 to 1993 and Vice President from 1979 to 1983. Prior to becoming CEO Mr. Potts had experience especially in the Trust, commercial lending and marketing areas of the organization. In addition to his day-to-day management of the organization, Mr. Potts has led the Company and been intimately involved in multiple bank and insurance agency acquisitions, geographic expansions, restructurings, public offerings and recapitalizations and strategic changes. He is a graduate of numerous executive leadership programs and banking schools and is a former Chairman of the Mississippi Bankers Association. Mr. Potts is also on the Board of Trustees of Belhaven College and the Board of Trustees of French Camp Academy. He has a J.D. degree from the University of Mississippi. Mr. Potts has been a director of the Company since 1979. |
John Copeland |
Mr. John G. Copeland is Executive Vice President and Chief Financial Officer of First M&F Corporation and M&F Bank since May 2004. |
Jeffrey Lacey |
Mr. Jeffrey B. Lacey is Director of First M&F Corporation and President, Chief Banking Officer of M&F Bank. Prior to this he was the President of the Rankin County, Mississippi branch operations from March 2002. He has been employed by M&F Bank for over 24 years. Mr. Lacey is a key decision maker and involved in developing and executing the business strategies of the Company. Mr. Lacey also has experience as a loan officer and as the local President of the Kosciusko branch of the Bank and the Rankin County branches of the Bank. During his tenure with the bank, Mr. Lacey has garnered experience in audit, loan review, commercial lending, as a local branch president , as a regional branch president and finally as President of the Company. Mr. Lacey is on the Board of Directors of the Mississippi Bankers Association. Mr. Lacey has been a director of the Company since April 8, 2009. |
Samuel Potts |
Mr. Samuel B. Potts is Director of First M&F Corporation and Vice President - Corporate Planning, Performance & Risk Management of M&F Bank. Mr. Potts has been the Vice President-Corporate Planning, Performance & Risk Management for M&F Bank since July 2008. Mr. Potts was a Vice President in Commercial Lending of M&F Bank from March 2004 to July 2008. Mr. Potts has experience as a commercial lender as well as in loan review and loan administration. In his current role as a strategic planning and balance sheet risk manager he is involved in management of the Bank's investment portfolio, interest rate risk, funding, liquidity, capital and strategic planning. Additionally, for the past three years, Mr. Potts has been involved in working out credit problems and liquidating the Company's problem loan and nonperforming asset portfolios. He has been instrumental in efforts to manage problem real estate properties off of the balance sheet. Mr. Potts has been a director of the Company since 2007. |
Eric Hanbury |
Mr. Eric K. Hanbury is Executive Vice President and Chief Credit Officer of M&F Bank, a subsidairy of First M&F Corporation since August 30, 2011. He was Senior Vice President - Regional Credit Officer of Northern Mississippi, Alabama and Florida from December 2008 to August 2011; Branch President, M&F Bank from July 2005 to December 2008. |
Grover Kinney |
Mr. Grover C. Kinney, III, is Executive Vice President - Retail Banking of M&F Bank, a subsidiary of First M&F Corporation. He was EVP - Region I, M&F Bank from December 2008 to August 2011; EVP - Chief Deposit Officer, M&F Bank prior to December 2008. |
Barry Winford |
Mr. Barry Scott Winford is Executive Vice President - Corporate Banking of M&F Bank, a subsidiary of First M&F Corporation since August 30, 2011. He was EVP & Chief Credit Officer, M&F Bank from February 17, 2009 to August 30, 2011; President, Community Church Capital from May 2008 through December 2008; President, Therizo Capital from October 2006 through December 2008. |
Scott Wiggers |
Mr. Scott M. Wiggers is Director of First M&F Corporation. Mr. Wiggers retired from his positions as Vice Chairman of the Company and M&F Bank and as President of the Company on December 31, 2009. Mr. Wiggers was named Vice-Chairman of the Board in December 2008. Mr. Wiggers was the President of the Company beginning in 1988. He also served as the Chief Operating Officer and Corporate President of M&F Bank until December 2008. Mr. Wiggers has over 30 years of experience at every level of the organization and in financial management. Mr. Wiggers has experience managing the investment portfolio, interest rate risk, funding, mergers and acquisitions, audit and regulatory compliance and the Company's branch network. Mr. Wiggers has experience in investment analysis and valuation, merger and acquisition pricing, negotiation and integration, strategic planning and managing regulatory issues. He is a graduate of numerous banking and investment schools and programs. Mr. Wiggers is also a former examiner with the FDIC. |
Eddie Briggs |
Mr. Eddie J. Briggs is Independent Director of First M&F Corporation. Mr. Briggs owns Briggs Properties, LLC and is a licensed real estate broker and a real estate developer. He owns The Oxbow Group, LLC and The Midway Group, LLC which own and develop various residential and agricultural properties in Mississippi, Alabama and Louisiana. He was a Managing Member of Kemper Natural Resources, LLC, which was merged into Mississippi Power Company in 2011. Kemper Natural Resources, LLC acquired real estate for the development of the Kemper County IGCC lignite fueled generating facility. He has been a practicing attorney since 1977 with specialties in real estate and corporate law. He was a member of the Board of Directors of BankFirst Financial Services from 1984 until 2010. He was an owner and member of the Board of Directors of Signal International, which operated seven shipyards in Mississippi and Texas, from 2002 through 2007. |
Hollis Cheek |
Mr. Hollis C. Cheek is Independent Director of First M&F Corporation. Mr. Cheek has been the President of J.C. Cheek Contractors, Inc. in Kosciusko, Mississippi for 45 years. He has been a Member of Techno Catch, LLC in Kosciusko, Mississippi in excess of five years. J.C. Cheek Contractors, Inc., in business for over 60 years, is a landscape engineering and contracting firm. Mr. Cheek is on the Boards of Momentum Mississippi, GetSmart, the Mississippi Roadbuilders Association and the Kosciusko Attala Development Corporation. Mr. Cheek has formerly served in public capacities as a Mississippi state senator and on the Small Business Advisory Board of the U.S. Department of Energy. Mr. Cheek is a published author. |
Jon Crocker |
Mr. Jon A. Crocker is Independent Director of First M&F Corporation. Mr. Crocker is currently retired. Mr. Crocker worked as a Business Development Officer for M&F Bank from 1999 to 2005. He also served as the Chairman and CEO of the M&F Bank branch in Bruce, Mississippi from 1995 to 1999. Mr. Crocker was Chairman and CEO of Farmers and Merchants Bank in Bruce, Mississippi prior to its acquisition by the Company in 1995. Mr. Crocker has banking experience at every level of the organization. |
James Frerer |
Mr. James D. Frerer is Independent Director of First M&F Corporation. Mr. Frerer has been the President of Frerer Realty, Inc. in Tupelo, Mississippi for approximately 16 years. Frerer Realty is a real estate broker, lessor and management company. He has also been the Managing Member since 1991 of SCS Sales, LLC in Tupelo, Mississippi. He has been the Managing Member of JCJP Properties, LLC in Tupelo, Mississippi for the past three years. JCPC Properties manages investments in timberland. Mr. Frerer has business experience in real estate investment and management and has been in the furniture industry for approximately 20 years. He has experience at growing a company, managing customer relations and managing manufacturing operations. Mr. Frerer has experience in the real estate industry, especially in real estate investments. He is on the Boards of the Tupelo Airport Authority and the Boys and Girls Club of North Mississippi, Inc. |
K. Michael Heidelberg |
Mr. K. Michael Heidelberg, CPA, is Independent Director of First M&F Corporation. Mr. Heidelberg is an owner and has served as President of Cardinal Ventures, a real estate development and management company, since 2004. Previously, he was Vice President of Corporate Development for the Yates Companies, where he managed acquisitions and real estate development. He also served on the Boards of Directors of several subsidiaries and affiliates of the Yates Companies. Prior to that he was with the public accounting firm KPMG. |
John Love |
Mr. John Clark Love, III, is Independent Director of First M&F Corporation. Mr. Love is a partner in Iron View Capital, LLC which provides sophisticated quantitative analysis tools to hedge funds and institutional investors. He is also a Principal in JSL Holdings, LLC. Mr. Love is the founder and former CEO of Lanworth, Inc., a firm that specializes in technological systems and quantitative models that provide data related to agricultural resources and real estate to institutional and commodities investors. Prior to beginning this company in 2000, he worked in software development for both DuoDesign LLC and Accenture. His experience includes building a start-up company, securing private financing and building it into a multi-million dollar company which he sold in 2007. He has an engineering degree from the University of Mississippi and an MBA from the Kellogg Graduate School of Management at Northwestern University. |
Otho Pettit |
Mr. Otho E. Pettit, Jr., is Independent Director of First M&F Corporation. Mr. Pettit is retired and formerly a partner with the Dorrill and Pettit law firm in Kosciusko, Mississippi. Dorrill and Pettit is primarily engaged in real estate and probate practice. Mr. Pettit has over 30 years of experience as an attorney with an career buying, developing, liquidating and managing real estate, including subdivisions and apartment complexes. However, his emphasis has always been on timberland. He has experience in real estate investment, management and valuation. Mr. Pettit currently concentrates on managing his tree farms located in central Mississippi. Mr. Pettit has a J.D. degree from the University of Mississippi. |
Julie Taylor |
Mrs. Julie Belk Taylor is Independent Director of First M&F Corporation. Mrs. Taylor has been the Secretary/Treasurer of Mitchell Metal Products, Inc. in Kosciusko, Mississippi for the past 19 years. She has also been a Director of Mitchell Metal Products, Inc. for 26 years. Mitchell Metal Products, Inc., in business for over 80 years, is a manufacturer of HVAC sheet metal products as well as custom-made items that are manufactured according to customer specifications. Mrs. Taylor has experience at managing the corporate and administrative functions of a manufacturing company. Her experience includes oversight of finance and accounting, budgeting and long-range planning and sales and marketing. She has a history of experience in marketing, customer relations and sales. She has worked at every level of the organization. |
Lawrence Terrell |
Mr. Lawrence D.Terrell is Independent Director of First M&F Corporation. Mr. Terrell has been the President since 1992 and CEO since January 2003 of Ivey Mechanical Company, LLC in Kosciusko, Mississippi. Mr. Terrell has been associated with Ivey Mechanical for over 35 years and has achieved success at every level of the organization. Mr. Terrell has developed a unique set of leadership skills over many years while helping to build and expand a private company. He has experience in developing nationwide business strategies, a diverse workforce across multiple product lines and geographic territories and maintaining a corporate culture that results in a high quality work product and exceptional services. |
Lawrence Terrell |
Mr. Lawrence D. Terrell, Jr., is Independent Director of First M&F Corporation. Mr. Terrell has been an Executive Vice President over construction operations and the corporate departments at Ivey Mechanical Company, LLC in Kosciusko, Mississippi since January 2007. Prior to 2007 Mr. Terrell was President of the Mississippi Business Unit of Ivey Mechanical Company, LLC. He has been employed with Ivey Mechanical for over 19 years. Mr. Terrell has also been a member of the Board of Ivey Mechanical Company, LLC for three years. As Executive Vice President, Mr. Terrell oversees operations, fabrication shops, safety, human resources, accounting, business development and information technology. Mr. Terrell has much experience at running the day-to-day operations, including implementing corporate strategies, allocating corporate resources, maintaining compliance with quality and safety standards and building customer relationships. Mr. Terrell is an executive board member and executive committee member with the Associated Builders & Contractors as well as a board and executive committee member of the Kosciusko Attala Development Corporation. |
James Tims |
Mr. James I. Tims is Independent Director of First M&F Corporation. Mr. Tims has been the President and on the Board of Directors of LT Corporation, Inc. and its wholly owned subsidiaries, Quality Steel Corporation and Commonwealth Finance, Inc., for better than 20 years. Mr. Tims has experience as President of LT Corporation and its wholly owned subsidiaries, Quality Steel Corporation, a propane tank manufacturer with a national presence, and Commonwealth Finance, Inc., which finances propane tank sales for Quality Steel. Quality Steel Corporation is one of only three American propane tank manufacturers in the national market. Mr. Tims led these companies through reorganization efforts, the disposition of the retail propane subsidiaries, and finally plant expansions and renovations that were completed in 1999 and 2004. Since then, he has led Quality Steel to record growth levels, expansion of market share and initiated many novel programs that revolutionized the way the company does business. Under Mr. Tims' leadership, Quality Steel has developed customer quality initiatives that have resulted in customer loyalty and an expansion of the customer base. His leadership experience spans strategic re-focusing, customer service quality initiatives, corporate reorganizations and technological innovations. He served as a director of First National Bank of Bolivar County from 1987 through 1998, at which time it was acquired by the Company. Mr. Tims has a BBA degree in finance and a J.D. degree from the University of Texas at Austin. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Hugh Potts |
400,391 |
John Copeland |
280,720 |
Jeffrey Lacey |
292,439 |
Samuel Potts |
-- |
Eric Hanbury |
-- |
Grover Kinney |
255,463 |
Barry Winford |
267,214 |
Scott Wiggers |
225,665 |
Eddie Briggs |
-- |
Hollis Cheek |
-- |
Jon Crocker |
-- |
James Frerer |
-- |
K. Michael Heidelberg |
-- |
John Love |
-- |
Otho Pettit |
-- |
Julie Taylor |
-- |
Lawrence Terrell |
-- |
Lawrence Terrell |
-- |
James Tims |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Hugh Potts |
10,000 | 0 |
John Copeland |
0 | 0 |
Jeffrey Lacey |
0 | 0 |
Samuel Potts |
0 | 0 |
Eric Hanbury |
0 | 0 |
Grover Kinney |
0 | 0 |
Barry Winford |
0 | 0 |
Scott Wiggers |
16,500 | 38,978 |
Eddie Briggs |
0 | 0 |
Hollis Cheek |
0 | 0 |
Jon Crocker |
0 | 0 |
James Frerer |
0 | 0 |
K. Michael Heidelberg |
0 | 0 |
John Love |
0 | 0 |
Otho Pettit |
0 | 0 |
Julie Taylor |
0 | 0 |
Lawrence Terrell |
0 | 0 |
Lawrence Terrell |
0 | 0 |
James Tims |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
POTTS HUGH S JR |
79 | $14.24 |
POTTS HUGH S JR |
280 | $14.10 |
TAYLOR JULIE BELK |
378 | $0.00 |
WIGGERS SCOTT M |
189 | $0.00 |
CROCKER JON A |
189 | $0.00 |
CHEEK HOLLIS C |
189 | $0.00 |
BRIGGS EDDIE J |
189 | $0.00 |
TERRELL LAWRENCE DENNIS JR |
227 | $0.00 |
FRERER JAMES D |
252 | $0.00 |
TIMS JAMES I |
189 | $0.00 |
PETTIT OTHO E JR |
189 | $0.00 |
HEIDELBERG K MICHAEL |
378 | $0.00 |
TERRELL LARRY D |
227 | $0.00 |
LOVE JOHN CLARK III |
284 | $0.00 |
NELSON MICHAEL L |
238 | $0.00 |
FRERER JAMES D |
628 | $8.02 |
PETTIT OTHO E JR |
3,700 | $0.00 |
TERRELL LAWRENCE DENNIS JR |
3,700 | $0.00 |
TIMS JAMES I |
3,700 | $0.00 |
HEIDELBERG K MICHAEL |
3,700 | $0.00 |
CROCKER JON A |
3,700 | $0.00 |
BRIGGS EDDIE J |
3,700 | $0.00 |
CHEEK HOLLIS C |
3,700 | $0.00 |
TERRELL LARRY D |
3,700 | $0.00 |
FRERER JAMES D |
3,700 | $0.00 |

