M&F Bancorp, Inc. MFBP

Company Overview

M&F Bancorp, Inc. is a bank holding company headquartered in Durham, North Carolina, and is the parent company of Mechanics and Farmers Bank, a historically significant community bank founded in 1907. The company operates primarily in the U.S. banking and financial services industry, focusing on commercial banking, consumer banking, mortgage lending, and wealth-related financial services. Its core revenue drivers include net interest income from loans and securities, service fees, and other traditional banking activities. The institution primarily serves small and medium-sized businesses, professionals, municipalities, churches, nonprofit organizations, and retail consumers, with a longstanding emphasis on underserved and minority communities.

The bank is widely recognized as one of the oldest African American-owned financial institutions in the United States and has historically positioned itself as a mission-oriented community development bank. Over time, the company evolved from a regional community lender into a diversified financial institution with broader commercial banking capabilities while maintaining a focus on relationship banking and economic development within its target communities. Public disclosures in SEC filings and company reports indicate that the organization continues to emphasize community reinvestment, small business support, and prudent balance sheet management as part of its operating strategy.