Mechanics And Farmers Bank
Durham, NC Part of M&F Bancorp, Inc.
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
-
-
Parent
Durham, NC
QE8NHAMUTQV4
-
Parent
Durham, NC
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 .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| BOM Bank | Natchitoches, LA | — |
| Guaranty Bank And Trust Company | Belzoni, MS | — |
| Latino Community Credit Union | Durham, NC | — |
| FBT Bank & Mortgage | Fordyce, AR | — |
| Genesis Bank Of Mississippi | Benoit, MS | — |
About the company
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
Is Mechanics And Farmers Bank registered in SAM.gov?
Yes. Mechanics And Farmers Bank's SAM.gov registration is active through January 27, 2027.
What is Mechanics And Farmers Bank's CAGE code?
Mechanics And Farmers Bank's CAGE code is 6XTX0, and its Unique Entity ID (UEI) is PMA2N45LYJL6.
What is Mechanics And Farmers Bank's most recent federal award?
Mechanics And Farmers Bank's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (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
- Similar vendors