&F Bancorp, Inc. Announces First
Quarter 2020 Results

May 6, 2020

DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the first quarter of 2020 today.  James H. Sills III, President and CEO of the Company, commented, “We started 2020 on a positive note, we hosted a grand reopening of our newly renovated 113 year old Parrish Street location in downtown Durham on February 26, 2020. This event was a great success and allowed the Bank to generate some brand awareness and attract new customers. During the latter part of the quarter, like all banks, we started to see some financial impacts from COVID -19.