M&F Bancorp, Inc. is a bank holding company. The Company serves as the holding company for its wholly owned subsidiary, Mechanics and Farmers Bank (the Bank). The Bank is a full-service North Carolina state-chartered bank conducting business in the five urban areas of North Carolina: Raleigh, the State's capitol, Durham, Winston-Salem, Greensboro and Charlotte. The Bank offers a full range of banking services, including checking accounts; savings accounts; negotiable order of withdrawal (NOW) accounts; money market accounts; certificates of deposit; individual retirement accounts; loans for real estate, construction, businesses, personal use, home improvement and automobiles; equity lines of credit; credit lines; consumer loans; credit cards; safe deposit boxes; bank money orders; Internet banking; electronic funds transfer services including wire transfers; traveler's checks, and notary services. In addition, the Bank provides automated teller machine (ATM) access to its customers.