Salamander -- NOT THE FONT -- has a similar style and similar swash letters, including a several Swash _M_ gluphs, including one that is quite close:
http://www.myfonts.com/fonts/fenotype/salamander/regular/glyphs.html#glyphs/566437/51
and several swash _k_ glyphs, including:
http://www.myfonts.com/fonts/fenotype/salamander/regular/glyphs.html#glyphs/566437/147 Private font for Ulta.
Identified font: Fun Side Script
The clean version of these distressed letters is H74 Ocelot Piss, designed by Joshua Smith in 2012.
Compare your image to:

Remove stencil effect and second crossbar on _H_ and it looks like a match to the pre-distressed letters.
Edited on May 07, 2017 at 09:31 by donshottype
This style also includes ITC Blaze. Note that this IS NOT THE FONT.
This style also includes Slapjack. Note that this IS NOT THE FONT.
Four instances of _e_, all different including the non-connecting top half. Which implies this is calligrapy.
There are several fonts that could be used to approximate _Tennessee_.
This style includes Styx. Note that this IS NOT THE FONT.
Edited on May 06, 2017 at 21:27 by donshottype
krazygyal said 
donshottype said 
This one is close but if you look closely, the R is different.
The two fonts are identical, including the capital _R_.
When the X height of the two fonts is set to the same height, all of the point values in the outlines match.
Also the two fonts make identical unicode errors for the same 21 glyphs. After these are corrected, both fonts have 245 glyphs.
East Bloc Closed has an internal date of 1995, AgitProp has 1998.
Which implies that AgitProp is a clone of the digital East Bloc Closed. Presumably a copyright violation.
Edited on May 06, 2017 at 21:11 by donshottype
Texture added
Edited on May 06, 2017 at 13:53 by donshottype
_GENERALS_
Closest that I found is LHF Boston Ballpark, but THIS IS NOT THE FONT.
_GENERALS_
Custom lettering and/or pivate font for the club.
Some similarities to IFC Rail Road, but THIS IS NOT THE FONT.
_RUSSIA_
East Bloc Closed by Grant Hutchinson, Image Club
See character set at
http://www.identifont.com/find?font=East+Bloc+Closed&q=Go Gothic Thirteen would also work to approximate LISTED
Weight is closer than Korolev Condensed Heavy, but rhs of _D_ is slightly curved rather than parallel as in LISTED
Edited on May 03, 2017 at 11:00 by donshottype
darylrms said 
Looks close the T, m & y are different
I changed the link to the alt _m_
Note that the tail on the alt _y_ is clipped
No match.
Eclat has a similar weight and style, but it is NOT THE FONT.
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