M&F Bancorp is the bank holding company for Mechanics & Farmers Bank, a minority‐owned financial institution headquartered in Durham, North Carolina. Founded in 1907 by a group of African American community leaders, the company has played a central role in providing banking services to historically underserved markets. Through its flagship bank, M&F Bancorp offers a broad range of deposit, lending and wealth management solutions to individuals, small businesses and nonprofit organizations.
The company’s core operations include commercial and consumer lending, residential mortgage financing, and treasury management services. Its suite of deposit products encompasses checking and savings accounts, money market accounts and certificates of deposit. In addition to traditional branch banking, M&F Bancorp has expanded its digital capabilities, offering online and mobile banking platforms designed to support remote account access, electronic funds transfers and cash management tools.
With a branch network concentrated across central and eastern North Carolina, the company serves urban and rural communities alike. M&F Bancorp has also forged partnerships with community development organizations to support affordable housing, small business growth and financial literacy initiatives. Throughout its history, the company has remained committed to fostering economic empowerment and financial inclusion in the markets it serves.
Governance is overseen by a board of directors composed of business, civic and community leaders. Day‐to‐day operations are managed by an executive team of seasoned banking professionals with expertise in credit administration, risk management, technology and regulatory compliance. Under this leadership, M&F Bancorp continues to pursue strategic growth opportunities while upholding its mission of serving underserved communities.
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