DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited consolidated financial results for the third quarter of 2020 today.

James H. Sills III, President, and CEO of the Company, commented, “During the third quarter of 2020, we continued to see significant increases in deposits due to all the social unrest happening in the U.S. I am pleased to report that local small and medium-sized businesses, corporations, nonprofits, and consumers are committed to having a relationship with the Company to help recycle dollars into the communities served.

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