Mechanics And Farmers Bank
Durham, NC Part of M&F Bancorp, Inc.
- UEI
- PMA2N45LYJL6
- CAGE
- 6XTX0
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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M&F Bancorp, Inc.
Parent
QE8NHAMUTQV4
- Mechanics And Farmers Bank PMA2N45LYJL6
-
M&F Bancorp, Inc.
Parent
QE8NHAMUTQV4
- SAM.gov registration date
- Physical address
- 2634 Durham-Chapel Hill Blvd #101, Durham, NC 27707, USA
- Website
- mfbonline.com
- Founded
- 1907
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $280,369 | |
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $422,758 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $2,478,839 | |
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $170,699 | |
| Bank enterprise award | Community Development Financial Institutions Fund | $202,898 |
About Mechanics And Farmers Bank
Mechanics And Farmers Bank is a minority-owned, for-profit financial institution based in Durham, North Carolina, with a strong commitment to community development and serving underserved populations. Registered in SAM.gov since 2013, the bank focuses on providing financial services with a particular emphasis on supporting low-income and minority communities. As a Community Development Financial Institution (CDFI), Mechanics And Farmers Bank has consistently received federal grants that enable it to expand its community-focused financial initiatives, primarily through programs administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund.
The bank has been a recipient of multiple federal grant awards, most notably the Bank Enterprise Award (BEA) Program and the CDFI Emergency Relief Program (ERP). These grants, totaling approximately $280,369 in the most recent award, enable Mechanics And Farmers Bank to provide critical financial services such as loans, equity investments, deposits, and technical assistance to other CDFIs. The grants specifically support expanding community development financing in economically distressed areas, with a focus on affordable housing initiatives, small business lending in low-income communities, and building organizational capacity. The bank's grant-funded activities are particularly targeted at supporting communities of color and areas disproportionately impacted by the COVID-19 pandemic, with the ultimate goal of increasing access to capital and financial services for underserved populations. The federal grants have consistently been awarded by the Community Development Financial Institutions Fund, supporting the bank's mission of economic empowerment and community development.
Quick answers
What is Mechanics And Farmers Bank's UEI?
Mechanics And Farmers Bank's Unique Entity ID (UEI) in SAM.gov is PMA2N45LYJL6.
What is Mechanics And Farmers Bank's CAGE code?
Mechanics And Farmers Bank's CAGE code is 6XTX0.
Where is Mechanics And Farmers Bank located?
Mechanics And Farmers Bank's physical address in SAM.gov is 2634 Durham-Chapel Hill Blvd #101, Durham, NC 27707, USA.
Is Mechanics And Farmers Bank registered in SAM.gov?
Yes. Mechanics And Farmers Bank's SAM.gov registration is active through January 27, 2027.
Who is Mechanics And Farmers Bank's parent company?
Mechanics And Farmers Bank is part of M&F Bancorp, Inc.
What is Mechanics And Farmers Bank's most recent federal award?
Mechanics And Farmers Bank's most recent federal grant award is Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… (241BE066520G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Mechanics And Farmers Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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