“83% OF OUR DEPOSITS ARE REDEPLOYED INTO THE COMMUNITIES WHERE WE “
OPERATE IN THE FORM OF LOANS.
7. What else would you like our business and overall community
century, and until the re-opening, there had been minimal updates to the
to know about M&F? We would like for the community to know that
space. This is significant not only because it is our flagship location, but it
despite us being a small institution, we are well equipped to be anyone’s
is also the last remaining representation of Black Wall Street in Durham.
primary bank. We serve everyone and welcome the opportunity to show
Although traffic to the branch is limited at the moment, we are excited
that we can be the bank for you.
that we were able to give the branch the updates that it deserves. The
8. What recent successes/wins has M&F had? We are extremely
renovation is a signal to the community that M&F Bank recognizes the
proud of the work we were able to do through our participation in the PPP
importance of growing and evolving.
program. We were able to impact over 1,300 local jobs and 163 local small businesses. We are also fortunate that, in light of recent social unrest, our
Lastly, we would like for the community to understand the importance
communities are even more prepared to support our institution so that
of banking small and banking local. Small, local financial institutions
we can, in turn, support them.
like M&F Bank are more engaged with their communities and with
9. Is there anything else you’d like to share about M&F that
their customers. We understand that we have a direct impact on our
the previous questions have not covered? We would like for the
communities, so we work hard to make sure that we understand our
community to know that we are well equipped to be your primary bank.
customers and their needs and to make responsible credit decisions. The
We offer convenient digital banking options including a mobile app,
more a community bank is supported by ways of deposits, the more the
online banking, and mobile check deposit so even if you are not near a
bank can, in turn, support its communities in the form of loans. We also
branch or do not wish to visit one, you can still do business with us.
engage with local organizations, businesses, and nonprofits by providing sponsorships and volunteering man-hours at events. At institutions like
We would also like to share with the community that in February of
ours, we make a point to know our customers by name and to connect
2020 we had a successful grand re-opening of our historic Parrish Street
beyond financial transactions, and can provide personal service that can
location. We have been operating out of the same building for nearly a
be difficult to find at large national banks.
The Food and Drink Issue