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About M&F Bank
Formerly Mechanics and Farmers Bank, M&F was chartered in 1907 by a group of nine prominent black North Carolina businessmen who hoped to meet the needs of the state's underserved black community. Today, M&F Bank's employees carry on that tradition, providing quality service to all customers and promoting personal and community development with an attitude of appreciation and respect.
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The Impact of Being a Minority-Owned Bank
As a minority-owned bank, M&F Bank recognizes the significance of our role in promoting economic equity and inclusion. Our unique understanding of the challenges minority communities face positions us to offer support in meaningful ways. Our commitment to being a minority-owned CDFI means that we are not just a bank; we are a participant in creating positive change in our communities.
At M&F Bank, community outreach is not just a buzzword; it’s a way of life. We aim to impact the communities we serve meaningfully. We welcome you to unite with us while we build a stronger, more vibrant future.
Community Engagement
M&F Bank believes in the power of collaboration. We actively work with a variety of community organizations to amplify our impact. In 2019 alone, we donated over $70,000 to various local organizations and nonprofits.
Here is a list of some of the organizations we are proud to partner with:
Local Nonprofits: We collaborate with local nonprofits focusing on education, housing, and economic empowerment.
Youth Mentorship Programs: We support programs that provide mentorship to young individuals, helping them build a brighter future.
Financial Literacy Initiatives: M&F Bank is passionate about financial education. Since 1907, we have helped people across North Carolina build financial success by partnering with organizations that promote financial literacy to empower individuals and families. Our Financial Literacy Initiative is just one example.
Promoting Financial Literacy
Financial literacy is a cornerstone of our community outreach efforts. We understand that financial education is a vital tool for building a strong and resilient community, not just financial stability.
We offer a range of financial literacy programs aimed at helping individuals and families make informed financial decisions. Having the tools for effective personal financial management leads to increased savings, home purchases, and improved well-being for individuals and their communities.
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