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March 1, 2022

M&F Bank Expands Customer ATM Access Through Partnership with JPMorgan Chase

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Earn 1.05% APY on balances up to $10,000*.

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Our News

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…

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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.

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Emma Allen Joins M&F Bank’s Board of Directors

Insurance and Financial Services Expert to Support Continued Growth at M&F Bank

DURHAM, N.C., Dec. 20, 2021 – M&F Bank today announced the appointment of award-winning financial services professional, Emma Allen, to its Board of Directors. In this role, Allen will primarily support the organization’s mission and purpose by championing small business owners in the community, building awareness of M&F Bank and its offerings in local neighborhoods.

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