Chairman of M&F Bancorp, Inc. Board Resigns.DURHAM, N.C. -- M&F Bancorp, Inc., today announced that effective December 31, 2004, Benjamin S. Ruffin resigned from its Board of Directors, on which he held the position of chairman. Ruffin, whose decision was made for personal reasons, will continue in his role as Chairman of the Board of Mechanics and Farmers Bank (M&F Bank). "We are appreciative of the dedicated advocacy and stewardship stewardship the occupation of being a steward or custodian. Referring to animals it implies the caring sort of relationship based on an acceptance of the need to include the rights of animals in overall plans to maintain financial viability. Ben has demonstrated in his guidance of the Holding Company board. We're pleased that his expertise still will be available to the Bank," said Chief Executive Officer Lee Johnson Lee Johnson is the name of:
M&F Bancorp, Inc., a one-bank holding company with assets of approximately $227 million as of September 30, 2004, is the parent company of Mechanics and Farmers Bank. The Company's common stock is quoted in the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. through the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "MFBP MFBP Main Feed Booster Pump ." For additional information contact M&F Bancorp Corporate Headquarters, 2634 Durham-Chapel Hill Blvd., Durham, NC or visit http://www.mfbonline.com. |
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