Closing Out PPP:

Our Success Story

Many of the challenges that we faced in 2020 were carried into 2021. As a nation, we were able to make great strides in the direction of improvement but, despite this, many small businesses have continued to need access to responsible relief resources. We at M&F Bank are very proud to have been able to provide this access. We have participated in each round of the Paycheck Protection Program (PPP) since its inception in Spring 2020 and are honored to have had the opportunity to be a helping hand to our communities during such a difficult period.

In the most recent round of PPP, we were able to close approximately 600 loans in the markets where we operate, in addition to 81 cities that extend beyond our footprint. This equals more than $35 million in PPP funds that we were able to distribute to North Carolina businesses. We are more than pleased to have had the opportunity to put action behind our mission to support and serve small and medium-sized businesses.

To our newest customers who trusted M&F Bank to manage your PPP needs, we thank you. We hope that this experience encourages you to trust us with any other banking needs that you may have. Our goal is to deepen our relationship with you and your business and to help you to recover and grow. We are well equipped to be your primary bank and, as an added benefit, are made up of friendly, knowledgeable, and local bankers who care about your community as much as you do.

We would like to encourage all of our customers to remain positive as we continue to navigate these difficult circumstances and, as always, thank you for your support of M&F Bank.

*Results as of 6/30/2021