fbpx

M&F Bancorp, Inc. Announces Third Quarter 2017 Results

DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTCPink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the third quarter of 2017 today.

James H. Sills, III, President and CEO of the Company, commented, “We continue to improve in all the operational areas of the Company. During the third quarter, we received our fifth Bank Enterprise Award (BEA) from the U.S. Treasury in the amount of $227,000, which is a testament to our commitment to serve low/moderate income communities within our footprint. We continue to experience improvements in deposit growth, fee income and controlling non-interest expenses. During the third quarter, we had flat loan growth, and we had a large shared national credit that impacted our profitability and delinquency ratios, which we continue to monitor very aggressively. For the fourth quarter, we anticipate our loans outstanding to increase based on the current pipeline and the Company will continue to focus on our strategic priorities with emphasis on increasing loan volume.”  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