Jim Sills, CEO and President of M&F Bank in Durham, North Carolina, joins us to discuss the role of Minority Depository Institutions (MDIs), the challenges they are facing during the pandemic, and the opportunities presented by a renewed focus on supporting black owned banks in the wake of George Floyd’s death. M&F Bank was founded in 1907 by a group of nine successful African American businessmen in Durham in a thriving district that came to be known as Black Wall Street. Today, M&F Bank is a $265 million asset state-chartered bank with over 70 employees and serving the five largest urban markets in North Carolina: Charlotte, Durham, Greensboro, Winston Salem and Raleigh.

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