M&F Bancorp Inc. (MFBP)

[56Chevy]

M&F Bancorp, Inc. is a CDFI institution

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