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  • American City Business Journals5 months ago

    Durham's M&F pays off TARP, but not these North Carolina banks

    Durham-based M&F Bancorp has officially paid its way out of the Troubled Asset Relief Program, funneling $9.4 million to the U.S. Department of Treasury to redeem its preferred stock. The news ends a chapter that started in 2009, when, under then-M&F Bancorp CEO Kim Saunders, M&F announced it was joining a plethora of other banks across the nation in taking advantage of TARP.

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