It is a font, it's just not commercially available. Not now, anyway. (She noted, a year and a half after the thread started. )

I'm going to guess hand lettering. The m and a aren't the same. That's possible, of course, with Open Type, but it's also written on a curve. That too is possible with Photoshop and other image manipulation software. But the combination of those things, plus the Al ligature makes me say hand lettering.

Lewisham Shadowed. It's an old freeware font by Paul Lloyd (lower case; it's a titling face)