M&F Bank Names Raleigh Food Distributor as First $10,000 Grant Recipient of 2025

Commits $50,000 in Grants to Small Businesses Across N.C.

DURHAM, N.C. – March 27, 2025 – M&F Bank, the only Community Development Financial Institution (CDFI) and minority-owned bank in North Carolina, awarded the first $10,000 grant of 2025 to David and Chambrea Daniels, owners of Daniels Distributors, Tuesday at its newly renovated location on Rock Quarry Road in Raleigh. The bank, in partnership with the Fiserv Back2Business Program, pledged to distribute $50,000 to deserving small businesses across North Carolina throughout 2025 as part of its Empowering Growth Small Business Grant program. This is the first grant awarded to a Raleigh business by M&F Bank.

As the second oldest minority-owned bank in the country, M&F Bank’s mission is to enhance financial prosperity and reduce the wealth gap for minorities. Improving access to capital for underserved businesses helps fulfill that mission.

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