8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): December 14, 2005

M&F BANCORP, INC.

(Exact name of registrant as specified in its charter)

North Carolina	000-27307	56-1980549
(State or other jurisdiction of incorporation)	(Commission File Number)	(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

N/A

(Former name or former address, if changed since last report)

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.

On December 14, 2005, the Board of Directors of M&F Bancorp, Inc. (the “Company”), approved a regular cash dividend of $0.05 per share for the fourth quarter of 2005. The dividend is payable January 13, 2006 to shareholders of record on January 6, 2006. 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.

(c) Exhibits.

The following exhibits are filed herewith:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
99.1	Quarterly Dividend Press Release dated December 16, 2005

Page 2

SIGNATURES

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/ Allan E. Sturges
	Allan E. Sturges
	Acting Chief Financial Officer

Dated: December 16, 2005

Page 3

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release dated December 16, 2005

Page 4

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	CONTACT:	Allan Sturges
December 16, 2005		(919) 687-7800, ext. 887
		(919) 687-7807 Fax
		allan.sturges@mfbonline.com

M&F BANCORP, INC. DECLARES 4TH QUARTER DIVIDEND

Durham, NC — (December 16, 2005) M&F Bancorp, Inc. announced its Board of Directors approved a five cent ($.05) per share quarterly dividend. Each shareholder of record at the close of business on January 6, 2005 is entitled to receive $.05 for each share of stock on the record date. The payment date is Friday, January 13, 2006.

M&F Bancorp, Inc., a one-bank holding company with assets of approximately $246.0 million as of September 30, 2005, is the parent company of Mechanics and Farmers Bank (M&F Bank). The Company’s common stock is quoted in the over-the-counter market through the OTC Bulletin Board under the symbol “MFBP.” For additional information contact M&F Bancorp Corporate Headquarters, 2634 Durham Chapel Hill Blvd., Durham, NC at 919-683-1521, or visit www.mfbonline.com.

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of M&F Bancorp, Inc. and Mechanics and Farmers Bank. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Company and the 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 the Bank undertakes an obligation to update any forward-looking statements. Additional information is detailed in M&F Bancorp, Inc.’s filings with the Securities and Exchange Commission.

Page 5