M&F Bank - Winston-Salem, NC
Bank, ATM, Business banking service in Winston-Salem, NC
- Address
- 770 N Martin Luther King Jr Dr, Winston-Salem, NC, 27101
- Phone
- (336) 722-0200
- Website
- mfbonline.com
About M&F Bank - Winston-Salem, NC
M&F Bank, short for Mechanics and Farmers Bank, operates a full-service branch in Winston-Salem offering commercial lending, mortgage services, and standard deposit and loan products to individuals and businesses. The bank describes its approach as going beyond typical transactions, loans, and deposits to focus on community impact, and it holds a Community Development Financial Institution, or CDFI, designation, which reflects a specific mission to direct capital toward underserved communities that mainstream banks often overlook. Its Winston-Salem location gives the bank a presence in the Triad alongside its historic home base, extending community banking and lending services, including support for small business and homeownership needs, to customers in this part of North Carolina. The bank places a strong emphasis on technology and IT security alongside its traditional community banking services, aiming to combine modern digital banking convenience with a mission-driven, relationship-based approach to lending in the neighborhoods it serves. The banks materials also reference a Founders Award, underscoring how much its identity continues to be tied to the story of the people who originally built the institution.
M&F Bank is one of the oldest African American-owned banks in the United States, tracing its roots to Mechanics and Farmers Bank, historically headquartered in Durham, North Carolina, one of the countrys most significant early hubs of Black-owned banking and business, sometimes referred to as Black Wall Street. The bank was built to provide Black communities with access to credit, savings, and financial services at a time when they were largely excluded from mainstream white-owned banks. Over the following decades, M&F Bank expanded its branch network across North Carolina, including its current Winston-Salem location, while maintaining its identity as a community-focused, Black-owned financial institution. Today it operates as a Community Development Financial Institution, formally continuing its founding mission of directing capital and financial services toward communities that have historically had less access to mainstream banking, and the banks continued recognition of its founders through initiatives like its Founders Award reflects how central that history remains to its identity today. That combination of a historic Black-owned charter and a present-day CDFI mission is central to how the bank presents itself to customers walking into its Winston-Salem branch.
Services
- commercial lending
- mortgage services
- deposit accounts
- small business loans
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