Durham’s M&F Bank aims to capitalize on rising assets, surging interest

Mar 29, 2021

DURHAM, NC (Feb 25, 2021) — Durham’s M&F Bank aims to capitalize on rising assets, surging interest​ – Following weeks of hard conversations with employees about headlines and social unrest, the phone started to ring at the office of James Sills III, the CEO of the oldest Black-owned bank in North Carolina.  The phone calls – which in any other year would have been a surprise – kept coming, from JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and Citibank (NYSE: C). Combined, they have trillions of dollars in assets, and yet they were scrambling to invest in the tiny bank.