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How 2020 turned into a record growth year for Durham’s Black-owned M&F Bank
DURHAM, NC (March 27, 2021) — The force of that movement led to a serious transfer of money, from hundreds of millions of dollars being donated to Historically Black Colleges and Universities to small, Black-owned businesses selling out their inventory in a matter of days.
Why we need Black-owned banks
DURHAM, NC (Feb 1, 2021) — Black-owned community banks have a long history of serving Americans historically left out of the mainstream banking system. Many well-established community banks continue this legacy today, but one troubling trend has emerged in the past two decades: The number of Black-owned banks is steadily declining. How can the industry advocate for change to help these banks—and their customers—thrive?
Durham’s M&F Bank aims to capitalize on rising assets, surging interest
DURHAM, NC (Feb 25, 2021) -- Durham's M&F Bank aims to capitalize on rising assets, surging interest - Following weeks of hard conversations with employees about headlines and social unrest, the phone started to ring at the office of James Sills III, the CEO of...
Independent Community Bankers of America National Conference: PPP Loans Part 2
Community Banking Customers Share Their PPP Stories: Part 2
M&F Bank President James H. Sills III and staff explain why community banks made a difference to small businesses seeking PPP loans. Also hear from community banking customers and the community bankers who stepped up to support them with PPP loans during the COVID-19 pandemic.
Independent Community Bankers of America National Conference: PPP Part 1
Community Banking Customers Share Their PPP Stories: Part I
M&F Bank customers share their experience with PPP Part 1. Also hear from other community bankers and their customers about why relationship banking matters and how community banks like M&F are uniquely positioned to serve their customers and communities.
M&F Bancorp Grows Its Commitment to Supporting Underserved Communities
DURHAM, NC (March 9, 2021) -- At a time when social unrest is present and many small businesses and individuals are being severely impacted by the effects of the COVID-19 pandemic, large banks are committing to investing in smaller minority deposit institutions (MDIs)...
M&F latest boost comes from JPMorgan Chase, Google
Another big bank has publicly stepped up to buy a stake in Durham’s M&F Bank. This time it’s JPMorgan Chase (NYSE: JPM), following similar moves made by both Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) in recent months. It’s good business for both...
M&F Bancorp, Inc. Announces Fourth Quarter and Annual 2020 Results
M&F Bancorp, Inc. Announces Fourth Quarter and Annual 2020 Results 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 fourth quarter and full...
Minority Banks Play a Really Special Role – Article
Minority Banks Play a Really Special Role. Jim Sills and other Community Bank leaders on why black banks are crucial to lifting the economic fortunes of African Americans. See the special article presented by independent Banker Magazine.
M&F Bancorp, Inc. Announces Third Quarter 2020 Results
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,...
