fbpx

 Black-Owned Banks Must Revisit Their Business Models, M&F Chief Says

One of the nation’s oldest black-owned banks is revamping its business model.jimsillArticle

Cognizant that the number of banks that cater specifically to African-Americans is in decline, M&F Bancorp in Durham, N.C., has launched an effort to expand beyond its core clientele. The 107-year-old company made headlines last week by recruiting a local lawyer to become its first non-black director.

The $297 million-asset company will also rename its Mechanics & Farmers Bank, rebranding as M&F Bank to attract more young professionals. That change should take place in the next few months.
>> Read full press release<<

Copyright © 2015 - 2018 M&F Bank

You are now leaving M&F Bank

M&F Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by M&F Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL