First M & F Corporation : First M&F Corp. declares quarterly

First M&F Corp. Investor Information

CONTACT: John G. Copeland

Chief Financial Officer

[phone]

February 22, 2012

FOR IMMEDIATE RELEASE

First M&F Corp. declares quarterly dividend

KOSCIUSKO, Miss.- The board of directors of First M&F Corp., at its meeting on February 8, 2012, declared a quarterly cash dividend of $.01 per share, payable on March 31, 2012, to stockholders of record as of March 19, 2012.

First M&F Corp. (NASDAQ:FMFC) is a $1.6 billion community bank holding company, with banking locations throughout Central and North Mississippi, Central Alabama, Southwest Tennessee and Northwest Florida.