DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the first quarter of 2021 today.  James H. Sills III, President and CEO of the Company, commented, “The first quarter of 2021 was one of the best for the Company in many years. We are continuing to experience strong total asset and deposit growth. I am pleased to report that along with improved core earnings, the Company recently announced a $0.02 per share common stock cash dividend payable to shareholders in May 2021.

DURHAM, NC (April 28, 2021) — M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced that its Board of Directors has declared a cash dividend on its common stock of $0.02 per share payable on May 19, 2021 to shareholders of record as of May 10, 2021. James A. Stewart, Chairman of the Board, stated, “We are pleased to announce this dividend based on improved Company performance. Like most banks, we have been watchful of the economic effects of the COVID-19 pandemic, and we are greatly relieved that the worst fears of economic crisis were not realized.” The Company is a bank holding company headquartered in Durham, NC with assets of approximately $309 million as of December 31, 2020. The Bank is a state-chartered commercial bank founded in 1907, and has operated continuously since 1908. With branch locations in Durham, Raleigh, Charlotte, Greensboro and Winston-Salem, NC, M&F Bank is one of only a few NC banks designated by the U.S. Treasury as a Community Development Financial Institution.

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.

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?

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.

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.