M&F Bank

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• New Directors Named to M&F Bank Board

  - 2008-06-26

  DURHAM, N.C. -- M&F Bancorp, Inc. announced the appointment of the 2008-2009 Board of Directors of its wholly-owned subsidiary, Mechanics and Farmers Bank (M&F Bank). Three new Directors are joining the Board, including William V. "Bill" Bell, Bishop George W. Brooks, and Lenny F. Springs II. The returning Directors include...

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• Mutual Community Savings Bank Shareholders Approve Merger with M&F Bank

  - 2008-03-19

  DURHAM, N.C. -- Mutual Community Savings Bank, Inc. SSB ("MCSB") announced that their shareholders voted to approve the merger of MCSB with and into M&F Bank at a special called meeting on Tuesday, March 18, 2008. The merger, which was announced in August 2007, is scheduled to be finalized no...

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• M&F Bank Names James Sansom as Chief Lending Officer

  - 2008-02-07

  DURHAM, N.C. -- Mechanics and Farmers Bank (M&F Bank) welcomed James E. Sansom as Senior Vice President and Chief Lending Officer this week. Sansom will manage and oversee all lending and related business development activities company-wide. "James has the experience and the proven ability we need to be effective...

  Tags: Farmers

• M&F Bank Named Minority Bank Partner for Chrysler Minority Dealers Association

  - 2008-02-05

  DURHAM, N.C. -- Mechanics and Farmers Bank (M&F Bank) (OTCBB: MFBP) today announced it has been named as the minority bank partner of the Chrysler Minority Dealers Association CMDA.

  Tags: bank, Chrysler LLC

• Director Emeritus Tucker Named Interim President of M&F Bank

  - 2007-01-23

  DURHAM, N.C. -- The Board of Directors of Mechanics and Farmers Bank ("M&F Bank") today announced that Mr. Walter S. Tucker has been named interim President & CEO, effective Tuesday January 23, 2007. Tucker's 40-year career with M&F Bank began as a teller in Durham in 1957. He worked...

  Tags: Company, Farmers

• M&F Bancorp, M&F Bank Name Consolidated's Saunders as Next CEO

  - 2007-01-18

  DURHAM, N.C. -- M&F Bancorp, Inc. (OTCBB:MFBP) and Mechanics and Farmers Bank ("M&F Bank") today announced that their Boards of Directors have selected Kim D. Saunders as President and Chief Executive Officer for the bank holding company and its wholly-owned subsidiary, effective February 26, 2007. Saunders is currently president...

  Tags: M&F Bancorp Inc., M&F Bank

• M&F Bank Selects Rella:Cowan Advertising and V.K. Fields & Co. Public Relations Firm to Manage 2007 Centennial Celebration

  - 2006-12-14

  DURHAM, N.C. -- M&F Bank (OTCBB: MFBP)recently selected Rella:Cowan Advertising and V.K. Fields & Co. Public Relations firm to manage its year-long 100th anniversary campaign. Scheduled events include a February 25, 2007, Founders' Day celebration and a black-tie awards gala in May 2007, which will honor a century-long history of...

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• M&F Bank Announces 2nd Quarter Results; Community Bank Achieves Record Results as It Approaches 100th Anniversary

  - 2006-08-21

  DURHAM, N.C. -- Mechanics and Farmers Bank (M&F Bank) (OTCBB:MFBP) reported net income in the second quarter of 2006 of $.496 million. Earnings growth was attributable to growth in net interest income and improved asset quality. Total assets as of June 30, 2006 were $250.868 million. Net interest income was...

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• M&F Bank CEO Unveils Direction for Future

  - 2005-10-26

  DURHAM, N.C. -- The Board of Directors of Mechanics and Farmers Bank (M&F Bank) (OTCBB:MFBP). are hosting invitation-only receptions over the next several weeks to introduce Ronald Wiley, the new president and CEO. Mr. Wiley will discuss the bank's strategic direction, and how the bank's commitment to financial literacy and...

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• M&F Bank Recognized for Work in Distressed Communities; Awarded $439,000 Grant

  - 2004-07-23

  DURHAM, N.C. -- Mechanics and Farmers Bank (M&F Bank) (Pink Sheets: MFBP) announced today that the Community Development Financial Institutions Fund of the United States Treasury has selected the Bank to receive a grant for $439,249 under the 2004 Bank Enterprise Award BEA Program. The basis for the award was...

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