M&F Bancorp, Inc. operates as the bank holding company for Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. It offers personal and business checking and savings, investment, individual retirement, and money market accounts, as well as certificates of deposit; home equity line of credit; payments and cash management solutions; and online and mobile banking services. The company also provides personal unsecured loans, personal unsecured line of credit, secured personal loans and lines of credit, and auto loans; and business and small business administration loans, as well as credit cards. In addition, it offers wealth management, college savings planning, eldercare financial planning, financial planning, insurance planning, investments and brokerage accounts, and retirement income planning services. The company was founded in 1907 and is headquartered in Durham, North Carolina.