John Hope Franklin, Julia W. Taylor Given First Mechanics and Farmers Bank Founders Award
June 23 2009 - 1:38PM
Business Wire
During last week�s Annual Shareholders Meeting of parent company
M&F Bancorp, Inc. (Bancorp), Mechanics and Farmers Bank
(M&F Bank) named the late Dr. John Hope Franklin, noted
historian and author, and Julia W. Taylor, the Bank�s first female
President and CEO, as the inaugural recipients of its newly created
Mechanics and Farmers Bank Founders Award.
The annual award recognizes individuals or entities that embody
what the Bank calls its Founding Principles as exemplified by the
men who established M&F Bank in 1907 because, according to Kim
D. Saunders, President and CEO, �102 years later, the Bank stands
on, and in many ways, because of these very principles. The
Founders Award was created to honor, and maintain a connection to,
the rich heritage of this historic institution.� In describing the
selection of the first persons to receive the award, Saunders said
the selection committee enthusiastically and unanimously confirmed
the two individuals �because of what their belief in M&F has
meant over the years, and because they both were guided by the same
attributes that shaped the destinies of the Bank�s founders.�
�Dr. Franklin was a scholar of the first magnitude who made an
indelible mark in his field, and his long-standing support of
M&F�s business goals and legacy has been enormously gratifying.
It is poetically fitting and appropriate, as the celebrations of
our legacy and of Dr. Franklin�s life converge, that a
history-making bank should honor the preeminent historian of our
time,� said Saunders. John Whittington Franklin, Dr. Franklin�s
son, expressed the family�s appreciation as he accepted the award
in his father�s name, and then charmed the audience of
approximately 240 with reminiscences about his father�s dedication
and creativity in the face of challenges he faced during his
illustrious career.
Julia W. Taylor, who headed M&F Bank for 17 years, was
recognized as a trailblazer who �embodied dignified, graceful
leadership and created leadership opportunities for other women
officers along the way.� Taylor thanked the audience, saying she
�never thought about being �the woman� in the job, I just focused
on doing the job.� Saunders stated, �It is only right that we thank
and applaud Julia Taylor for many her contributions to the success
of our first 100 years. Her influence is still widely felt today,
and I am humbled to follow in her footsteps.�
M&F Bank is a state-chartered commercial bank founded in
1907, and has operated continuously and profitably since 1908.
M&F Bank is one of few NC bank designated by the United States
Treasury as a Community Development Financial Institution. Its
vision is to be the preferred community bank in its markets.
M&F Bank is the wholly owned subsidiary of M&F Bancorp,
Inc., a one-bank holding company headquartered in Durham, NC, with
assets of approximately $260 million as of March 31, 2009. M&F
Bancorp�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)
687-7800 or visit www.mfbonline.com
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