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M&F Bancorp, Inc. Receives $80 Million in New Capital Investment Funds
DURHAM, N.C., June 22, 2022
M&F Bancorp, Inc. (the “Company”), parent company of M&F Bank (the “Bank”), the second-oldest African American-owned bank in the United States, announced today that it has successfully closed on a $80 million investment from the U.S. Treasury as part of the Emergency Capital Investment Program (“ECIP”).
DURHAM, N.C., June 22, 2022
M&F Bancorp, Inc. (the “Company”), parent company of M&F Bank (the “Bank”), the second-oldest African American-owned bank in the United States, announced today that it has successfully closed on a $80 million investment from the U.S. Treasury as part of the Emergency Capital Investment Program (“ECIP”).
M&F Bank Enhances Customer Experience
DURHAM, N.C.– April 25, 2022 –M&F Bank, the second-oldest African American-owned bank in the nation, today announced three new, independent collaborations with Zelle®, Fiserv. and JPMorgan Chase. The relationships deliver enhanced customer benefits by creating increased convenience and connectivity for thousands of customers.
DURHAM, N.C., April 25, 2022
M&F Bank, the second-oldest African American-owned bank in the nation, today announced three new, independent collaborations with Zelle®, Fiserv. and JPMorgan Chase. The relationships deliver enhanced customer benefits by creating increased convenience and connectivity for thousands of customers.
M&F Bancorp, Inc. Announces Record 2021 Results and Increased Quarterly Cash Dividend
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 fourth quarter of 2021 and a quarterly cash common dividend of $0.03 per share.
James H. Sills III, President and CEO of the Company, commented, “2021 was the best year in the history of the Company! We are extremely pleased that we exceeded net income, total assets, loan and deposit targets for the year. Additionally, 2021 marked four straight years…
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 fourth quarter of 2021 and a quarterly cash common dividend of $0.03 per share.
James H. Sills III, President and CEO of the Company, commented, “2021 was the best year in the history of the Company! We are extremely pleased that we exceeded net income, total assets, loan and deposit targets for the year. Additionally, 2021 marked four straight years…
M&F Bancorp, Inc. to Receive $76 Million in Emergency Capital Investment Funds
U.S. Treasury program encourages Minority Depository Institutions (MDIs) to support small businesses and consumers in their communities.
DURHAM, N.C., Jan. 5, 2022 – M&F Bancorp, Inc. (“Company”) parent company of M&F Bank (“Bank”), the second-oldest African American-owned bank in the United States, announced today that it has been allocated $76 million from the U.S. Treasury as part of the Emergency Capital Investment Program (“ECIP”). This investment is expected to increase the capital of the Company to over $117 million. This investment is a testament to the strength of the franchise, health and soundness of the Company and its abilities to positively impact disadvantaged communities within its markets.
U.S. Treasury program encourages Minority Depository Institutions (MDIs) to support small businesses and consumers in their communities.
DURHAM, N.C., Jan. 5, 2022
M&F Bancorp, Inc. (“Company”) parent company of M&F Bank (“Bank”), the second-oldest African American-owned bank in the United States, announced today that it has been allocated $76 million from the U.S. Treasury as part of the Emergency Capital Investment Program (“ECIP”). This investment is expected to increase the capital of the Company to over $117 million. This investment is a testament to the strength of the franchise, health and soundness of the Company and its abilities to positively impact disadvantaged communities within its markets.
