Mechanics & Farmer's Bank

The Mechanics and Farmers Bank, a state-chartered commercial bank, was organized in 1907 under the authority of a charter issued by the legislature of the state of North Carolina. The founders and original customers represented various trades, crafts and professions in which the African American community had achieved success and prominence. In 1999, the shareholders of M&F Bank approved the formation of M&F Bancorp, a one-bank holding company, to become the parent company of M&F Bank. M&F Bancorp has assets of approximately $246 million. Personal banking options include electronic services, checking accounts, savings accounts, investments, certificates of deposit, credit services, mortgage services, wealth management and trust services. Business banking options include wealth management, trust services, electronic services, credit, business checking accounts, business savings accounts and investment accounts. The Mechanics and Farmers Bank is located in Durham, N.C.

M&F Bancorp, headquartered in Durham, N.C., is the holding company for Mechanics and Farmers Bank. It is a state-chartered commercial bank, established in 1907 under the authority of a charter issued by the legislature of the state of North Carolina. The bank provides a wide range of services, including online banking, personal and business banking, financial literacy, and mortgage, wealth management and trust services. M&F Bancorp offers a variety of bank products, such as credit cards, commercial bank offering business and consumer loans, checking accounts, certificates of deposit, money market investment and savings accounts, and Internet banking. M&F Bancorp operates more than 10 branch offices throughout North Carolina.