Food Lion Announces $50 Million Deposit to Support Diverse-Owned Lending at M&F Bank

Nov 28, 2021

SALISBURY, N.C., Nov. 16, 2021 (GLOBE NEWSWIRE) — Food Lion, an omnichannel retailer serving towns and cities across 10 states, today announced a $50 million deposit supporting M&F Bank, the second-oldest minority-owned bank in the United States. M&F Bank has branches located in Durham, Raleigh, Charlotte, Greensboro and Winston-Salem, NC. The deposit will provide the bank with greater financial opportunities for the communities it serves including loans to small businesses, investments in technology and financial literacy programs.

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