☰

Home›
Banks›
Mechanics & Farmers Bank

iAdvertiser Disclosure

Mechanics & Farmers Bank Rates & Review August 2026

Q: How many branches does Mechanics & Farmers Bank operate?

Mechanics & Farmers Bank currently maintains approximately 8 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Mechanics & Farmers Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 28, 2026

Mechanics & Farmers Bank rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month CD rates are currently at 2.92%, 6-month CD rates at 2.77% and 3-month CD rates at 2.55%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Mechanics & Farmers Bank, and you can see how they compare in the Mechanics & Farmers Bank rate tables below. MonitorBankRates evaluates the financial stability of Mechanics & Farmers Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.49%. Database rates last updated and verified on 08/28/2026.

Mechanics & Farmers Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Mechanics & Farmers Bank? Share your experience about Mechanics & Farmers Bank by leaving a review below, or read customer reviews before you decide to use Mechanics & Farmers Bank.

Verified Strong Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.49%

Excellent Lower than avg

Mechanics & Farmers Bank

116 W Parrish St
Durham, NC 27701

https://www.mfbonline.com

Mechanics & Farmers Bank Checking Rates

Product	Rate	APY	View More
Dash Checking Account	-	3.00%
Min Deposit $50 Details Qualifications Required: 15 debit card transactions that total at least $350; Login at least once to online/mobile banking; Receive an eStatement; Complete at least $500 in direct deposits; Earn up to 3.00% APY on balances up to $10,000. Interest rate of 0.25% will be paid only for that portion of your daily balance that is greater than $10,000. The annual percentage yield for this tier will range from 0.25% to 0.26% depending upon the balance in the account. 0.10% APY will be paid on the entire balance if qualifiers are not met. APY is accurate as of February 1, 2025. Fees may reduce earnings on the account. Rate may change after the account is opened. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Mechanics & Farmers Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Mechanics & Farmers Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Mechanics & Farmers Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Mechanics & Farmers Bank

Bank Holding Company M&F BCORP INC

Address 116 W Parrish St, Durham, NC 27701 · Durham

Website https://www.mfbonline.com

FDIC Certificate # 12266

Established 03/01/1908

FDIC Insurance Date 01/01/1934

Domestic Offices 8

Total Branches 8

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

1.49%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.2849%

Return on Equity (ROE) 9.9500%

Non-Performing Loans (NPL) 0.17%

Total Assets $479,538,000

Total Deposits $405,479,000

Equity Capital $68,186,000

Net Income $3,550,000

Headquarters Durham

Total Branches and Offices 8

Source: FDIC | Last Updated 12/31/2025

2026 MBR Health & Safety Badge

Mechanics & Farmers Bank earned the Verified Strong badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

<a href="https://www.monitorbankrates.com/banks/mechanics-and-farmers-bank-rates-review-12266">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-b-2026.svg"
       alt="MonitorBankRates Verified Strong Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Mechanics & Farmers Bank yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Mechanics & Farmers Bank

Frequently Asked Questions About Mechanics & Farmers Bank

How many branches does Mechanics & Farmers Bank operate?

Mechanics & Farmers Bank currently maintains approximately 8 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Mechanics & Farmers Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Mechanics & Farmers Bank provides members with tools to manage their accounts and build a solid financial history.

Does Mechanics & Farmers Bank offer online and mobile banking?

Most modern institutions like Mechanics & Farmers Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mfbonline.com.