M&F Bank Awards Two $10,000 Grants to Charlotte Small Businesses

Travis Rouse graduates as part of the inaugural class of Senior Leadership Development Institute Sep 29, 2020 RALEIGH, N.C. – The inaugural class has graduated from the Senior Leadership Development Institute (SLDI). SLDI was established in late 2019 to foster the...

Valerie Quiett added to CFPB Advisory Committee Sep 21, 2020 The Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to four of its advisory boards including the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC),...

Bank Black Durham campaign strives to reinvest in minority ownership of homes, businesses Sep 21, 2020 By Lora Lavigne, WRAL reporter Two men in Durham have launched a movement to increase Black ownership of homes and small businesses in Durham. Their campaign, called...

Public focus on equality opens doors for some Black-owned banks Aug 26, 2020   The number of Black-owned banks in the U.S. has been dwindling, but recent regulatory changes and momentum to fight social injustice are creating some tailwinds for the minority...

The Historic Mechanics And Farmers Bank Gets A Facelift Aug 26, 2020   Durham’s “Black Wall Street” doesn’t look quite the same. One of the most well-known businesses on Parrish Street recently underwent a facelift, giving the historic Mechanics and Farmers Bank...

Opinion: Investing in Black-owned banks invests in your community Aug 26, 2020   In the year 2000, there were over 50 black-owned banks and today there are just over 20. Some 60% of Black people are unbanked or underbanked. Over the past two months, I reached out...

Racial Justice Protests Prompt People To Move Their Money Into Black Banks Aug 26, 2020   Netflix announced it is moving $100 million in deposits into Black-owned financial institutions to help close the racial wealth gap. As Black Lives Matter protests continue...

Bank credits big spike in deposits to drive for social justice Aug 26, 2020 M&F Bank CEO credits nearly $30M spike in deposits to drive for social justice A heightened interest in social justice has meant a boost to a historically Black institution, M&F Bank,...

M&F Bancorp, Inc. Announces Second Quarter 2020 Results Aug 17, 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 second quarter of 2020 today. James H....