Jim Sills, CEO and President of M&F Bank in Durham, North Carolina, joins us to discuss the role of Minority Depository Institutions (MDIs), the challenges they are facing during the pandemic, and the opportunities presented by a renewed focus on supporting black owned banks in the wake of George Floyd's death. M&F Bank was founded in 1907 by a group of nine successful African American businessmen in Durham in a thriving district that came to be known as Black Wall Street. Today, M&F Bank is a $265 million asset state-chartered bank with over 70 employees and serving the five largest urban markets in North Carolina: Charlotte, Durham, Greensboro, Winston Salem and Raleigh.

Want to contact the show? Reach out at [email protected]

Interested in learning more about issues in financial regulation and policy? Check out the Global Financial Markets Center's blog, The FinReg Blog.