Mechanics & Farmers Bank

Mechanics & Farmers Bank

We Believe in the Power to Dream


Mechanics & Farmers Bank is a historic independent community bank committed to meeting the needs of a wide range of individuals and businesses within our markets while providing unparalleled customer service with an above-average return for our shareholders.

M&F Bank is the 2nd oldest minority-owned bank in the United States – 113 years old. According to Black Enterprise – Mechanics & Farmers Bank is the 8th largest financial institution in the United States with nearly $264.0M in total assets (as of 12/31/2019). CDFI – Community Development Financial Institution – Mechanics & Farmers Bank is the only bank in North Carolina to receive this designation. Outstanding CRA Rating received from the FDIC for 25 years. The majority of all deposits are recycled back in the communities we serve.

M&F Bank: The Power to Dream

Since our doors opened in 1908, M&F Bank has maintained a deep commitment to the communities we serve. One of our original policies was to provide “no large loans…to a few profiteers, but rather conservative sums to needy farmers and laborers.” Over 100 years later and the ideals behind this policy have not changed. We still aim to be a resource for the members of our communities to enhance their financial prosperity. We were then and still are now, in the business of empowering dreams.

Our commitment to providing capital to small and medium-sized businesses is rooted in these values. Local business is beneficial to communities in ways that should not be ignored. Small business provides jobs for locals, keep dollars in the local economy, add vibrancy and uniqueness to communities, and help support local charities and causes. Research has shown that the economic state of a community is partially related to the amount of money spent in the businesses in that community. Therefore, by being a partner in helping these businesses grow and thrive, the effort could have a direct effect on the vitality of our neighborhoods.

We want you to know that we believe in the power of your dreams. We are here to listen to you and understand your vision so that we can help make it a reality.  Whether it’s growing your business, saving for the future, or just being in control of your financial life — you have a partner in M&F Bank. We are interested in developing relationships, not just completing transactions. We are interested in what we can do for you, and in turn, what we can do for our communities through you.

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Products and Services

Why Us

CDFI Certified

M&F Bank is the only financial institution in North Carolina to receive a designation from the Community Development Financial Institution (CDFI).

Invested in Our Community

We have received a Community Reinvestment Action (CRA) rate of Outstanding from the FDIC for 25 years. The majority of all deposits are recycled back in the communities we serve.

A Focus on Development

We are committed to promoting personal and community development and we remain true to these values. Helping individuals, businesses, and community institutions grow and develop are the philosophical tenets that inform our decisions and guide our actions.



SBA Lending

More than 100 years of helping small businesses grow.

Contact Request

Visit a local branch or contact our team to open an account.

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