M&F Bancorp Inc. is a bank holding company. The Company's primary function is to serve as the holding company for its wholly-owned subsidiary, Mechanics and Farmers Bank (the Bank). The Bank is a community bank engaged in the general banking business. The Bank offers a range of banking services, including checking accounts, savings accounts, Negotiable Order of Withdrawal (NOW) accounts, money market accounts, certificates of deposit, individual retirement accounts, equity lines of credit, credit lines, consumer loans, credit cards, safe deposit boxes, Internet banking, mobile banking, electronic funds transfer services, including wire transfers, traveler's checks, notary services, and loans for real estate, construction, businesses, personal use, home improvement and automobiles. In addition, the Bank provides automated teller machine (ATM) access to its customers for cash withdrawals through ATM networks across the nation.