M&F Bancorp, Inc. is a bank holding company. The Company serves as the holding company for its subsidiary, Mechanics and Farmers Bank (the Bank). The Company operates through commercial banking segment. The Bank is a community bank engaged in the general banking business in Wake, Durham, Guilford, Forsyth and Mecklenburg Counties and the surrounding areas. The Bank has over seven branches in North Carolina, including approximately two in Durham, over two in Raleigh, and approximately one each in Charlotte, Greensboro and Winston-Salem. The Company offers a range of consumer and commercial banking services and products in North Carolina. 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 (CDs) and individual retirement accounts (IRA).