M&F Bancorp, Inc. is a bank holding company for Mechanics and Farmers Bank (M&F Bank), a community bank headquartered in Durham, North Carolina. M&F Bank provides banking services to individuals, families, businesses and nonprofit organizations, including deposit accounts, consumer and commercial lending, mortgage services, online and mobile banking, and treasury-management services.
Founded in 1907, M&F Bank is one of the oldest African American-owned banks in the United States. The bank serves customers in North Carolina through its branch network and digital banking channels, with a presence in markets including Durham, Raleigh, Charlotte and Greensboro. Its offerings include checking and savings accounts, certificates of deposit, residential mortgages, personal loans, commercial loans and lines of credit.
Through its community-banking model, M&F Bank focuses on relationship-based service and financial support for consumers and small and midsize businesses. M&F Bancorp’s operations are primarily concentrated in North Carolina through its banking subsidiary.
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