DURHAM, N.C., Jan. 15 /PRNewswire-USNewswire/ — Mechanics and Farmers Bank (M&F Bank) will host a Financial Literacy tour stop at Winston-Salem State University on Wednesday, Jan. 23, at K.R. Williams Auditorium and R.J. Reynolds School of Business from 10 a.m. to 3 p.m. The keynote speaker for the event is Ephren Taylor II, author, speaker, and CEO of City Capital Corporation. The goal of the event is to make attendees aware of common financial pitfalls such as credit card debt and poor budgeting; and to equip individuals with money management tools to enhance their financial planning arsenal and wealth portfolio. The event also will consist of breakout sessions on financial management which will be hosted by Christopher "Play" Martin, formerly of the famed hip-hop and acting duo Kid ‘n Play, and currently host of BrandNewz.com, an upbeat broadcast and 24-hour Internet news network. The event is free for students of area colleges and universities.
Wealth engineer and self-made millionaire Ephren Taylor will present the 10 a.m. keynote address. Taylor, 25, is the youngest African American CEO of any publicly-held company and author of the newly released, "Creating Success from the Inside Out" (www.CreatetheSuccess.com). "I think this is an absolutely fantastic event," Taylor said. "The first step to economic success is to understand the basics of finances. Increasing financial literacy will benefit the community on an individual and collective basis, which ultimately will enhance the overall well being and ability of all communities to be uplifted." The afternoon breakout sessions will be conducted by expert panelists and credit counselors from the N.C. Institute for Minority Economic Development, WSSU School of Economics and Finance, and M&F Bank. Featured topics will include: Credit Card Debt, Consumer Psychology, Establishing a Satisfactory Credit Score, the Effects of Good and Bad Budgeting, and Financing a Small Business.
M&F Bank President & CEO Kim Saunders said, "M&F Bank has been an integral part of the community for more than 100 years. As we continue to celebrate our Centennial, we are confident this event will raise financial literacy and continue to positively impact our rich heritage and tradition of wealth creation and financial management. We are pleased to partner with Winston-Salem State University to host this event."
Mechanics and Farmers Bank (M&F Bank), a state-chartered commercial bank, has operated continuously and profitably since 1908. The Bank’s mission is to meet the financial services needs of the communities it serves, promote personal and community development, and to provide superior service to all while continuing its tradition of serving those who historically have been underserved. 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 $228 million as of September 30, 2007. 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) 687-7800 or visit www.mfbonline.com.
Source: M&F Bank
CONTACT: Valerie Fields, +1-919-829-5951, mobile: +1-336-362-9668,
valerie@vkfields.com, for M&F Bank; or Lucera Parker of M&F Bank,
+1-919-687-7802, mobile: +1-919-308-3403, lucera.parker@mfbonline.com
Web Site: http://www.mfbonline.com/
