M&F Bank Names Pete Williams Senior Vice President and Chief Credit Officer
Durham, NC (July 10, 2017) – M&F Bank today announced the appointment of Pete Williams, who has spent decades with some of North Carolina’s largest banks, as Senior Vice President and Chief Credit Officer. M&F Bank has a strong, 110-year legacy in the state, but is poised to move more aggressively in its markets.
The bank is counting on Williams’ experience to play a key role in that growth. He spent the last 13 years as a senior manager at Credit Risk Management, a consulting firm that works with more than 100 community bank clients, where he worked to improve those banks’ credit and risk management processes.
Prior to that, Williams was with First Citizens Bank, where his last responsibility was as a Regional Executive Vice President.
Williams said he was drawn to M&F Bank because “M&F is in an excellent position to acquire new clients. A lot of people don’t know about M&F Bank, but we have a lot to offer, especially to clients who may have been at other community banks that have been acquired by much larger banks.”
New corporate direction at M&F’s headquarters in Durham has rejuvenated the bank that was founded in 1907. “Under the leadership of James H. Sills III, the bank has eliminated debt, strengthened marketing to appeal to a more diverse client base, and streamlined processes that enable officers to respond more efficiently to their customers’ needs and requests,” Williams said.
Williams received a degree in business administration from N.C. A&T State University in Greensboro. He is a graduate and former faculty member of the N.C. School of Banking in Chapel Hill.