coverpage8k12152010.htm

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 16, 2010

(Exact Name of Registrant as specified in its charter)


North Carolina	000-27307	56-1980549
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

2634 Durham-Chapel Hill Boulevard, Durham, North Carolina 27707

(Address of principal executive offices)

Registrant’s telephone number, including area code (919) 683-1521

(Former address of principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 – OTHER EVENTS

The Board of Directors of M&F Bancorp, Inc. (the “Company”) has approved a regular cash dividend of $0.0825 per share for the fourth quarter of 2010. The dividend is payable on December 24, 2010 to shareholders of record as of the close of business on December 17, 2010. A copy of the Company’s press release making this announcement is attached as Exhibit 99.1 and incorporated by reference into this Item 8.01.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

The following exhibits are filed herewith:


EXHIBIT NO.		DESCRIPTION OF EXHIBIT
99.1		Press Release dated December 16, 2010.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


M&F BANCORP, INC.

By:		/s/ Kim D. Saunders
		Kim D. Saunders
		President and Chief Executive Officer

Dated: December 16, 2010


Exhibit Number		Description of Exhibit
99.1		Press Release dated December 16, 2010.

M&F Bancorp, Inc. Declares Dividend for 4th Quarter

FOR IMMEDIATE RELEASE - 12/16/2010

DURHAM, N.C.--(BUSINESS WIRE)-- M&F Bancorp, Inc. (OTCBB: MFBP) a bank holding company headquartered in Durham, NC, today announced that its Board of Directors approved a dividend of eight and one quarter cents ($0.0825) per share for the final dividend for 2010. Each shareholder of record as of the close of business on December 17, 2010 is entitled to receive $0.0825 for each share of common stock held at the close of business on this date. The payment date is Friday, December 24, 2010.

James A. Stewart, Chairman of the Board, stated, "Mechanics and Farmers Bank has a 102 year old legacy of profitability while serving several of the largest communities in North Carolina. With the continued economic pressures on community banks, for the foreseeable future M&F will review its ability to declare dividends during the fourth quarter of each year. No quarterly dividends to common shareholders are anticipated. We are pleased that M&F continues to be profitable and that we are able to pay this dividend to our shareholders."

M&F Bancorp, Inc., a bank holding company headquartered in Durham, NC with assets of approximately $305 million as of September 30, 2010 is the parent company of Mechanics and Farmers Bank ("M&F Bank"). M&F Bank is a state-chartered commercial bank founded in 1907, and has operated continuously and profitably since 1908. With branch locations in Durham, Raleigh, Charlotte, Greensboro and Winston-Salem, NC, M&F Bank is one of only a few NC banks designated by the U.S. Treasury as a Community Development Financial Institution.

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of M&F Bancorp, Inc. (the "Company") and M&F Bank. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Company and M&F Bank and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like "expect," "anticipate," "estimate" and "believe," variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Neither the Company nor M&F Bank unde rtakes an obligation to update any forward-looking statements. Additional information is detailed in the Company's filings with the Securities and Exchange Commission, and is available at www.sec.gov.

Source: M&F Bancorp, Inc.

Contact: M&F Bancorp, Inc. Lyn Hittle, CFO, 919.687.7800, ext 547 Lyn.hittle@mfbonline.com