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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...
Valerie Quiett added to CFPB Advisory Committee
The Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to four of its advisory boards including the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research...
Bank Black Durham campaign strives to reinvest in minority ownership of homes, businesses
By Lora Lavigne, WRAL reporter Two men in Durham have launched a movement to increase Black ownership of homes and small businesses in Durham. Their campaign, called Bank Black Durham, is working to shed light on the role banks play in shaping minority communities....
