M&F Bancorp, Inc. Receives $11.7 Million from TARP
M&F Bank Continues Community Mission and Lending
June 29, 2009 05:51 PM Eastern Daylight Time
DURHAM, N.C.--(BUSINESS WIRE)--M&F Bancorp, Inc., parent company of Mechanics and Farmers Bank (M&F Bank), today announced that it has received approximately $11.7 million from the Federal government’s Troubled Asset Relief Program (TARP). The TARP funds have been provided on a preferred basis due to M&F Bank’s designation as a Community Development Financial Institution (CDFI).
http://www.businesswire.com/news/home/20090629006190/en/MF-Bancorp-Receives-11.7-Million-TARP#.UwLbUG_TmUk
"Politicians never accuse you of ‘greed’ for wanting other people’s money—only for wanting to keep your own money." ~ Joseph Sobran
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM