Our News
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,...
BofA completes equity infusions in 7 minority, community development banks
Tuesday, October 6, 2020 12:02 PM ET By Maricor ZapataMarket Intelligence Bank of America Corp. completed equity investments in seven minority depository institutions and community development financial institution banks, out of the $1 billion four-year commitment it...
How this Black-owned bank in Durham will use infusion from Bank of America
Charlotte banking giant Bank of America (NYSE: BAC) has taken a 4.9 percent stake in the holding company behind Durham-based M&F Bank – a $500,000 investment. The move, described in a recent securities filing, is part of a broader push by Bank of America to invest...
Travis Rouse graduates as part of the inaugural class of Senior Leadership Development Institute
RALEIGH, N.C. – The inaugural class has graduated from the Senior Leadership Development Institute (SLDI). SLDI was established in late 2019 to foster the development of leaders poised to take the next step in their careers and is designed for mid- and senior-level...
