Notice of Change in Bank Control Exploration Capital Fund, LP of Salt Lake City, Utah; Exploration Capital General Partner, LLC of Salt Lake City, Utah; Exploration Capital, LLC of Salt Lake City, Utah; and Stephen Gustin of Vinyard, Utah intend to apply to the Federal Reserve Board for permission to retain 10 percent or more of the shares and thereby control of M&F Bancorp, Inc., a North Carolina corporation and bank holding company under the Bank Holding Company Act of 1956, as amended, (the "Company") and acquire up to 14.99% of the total outstanding voting shares of the Company. The Company is situated in Durham, North Caroline. The Company controls Mechanics & Farmers Bank, which is situated in Durham, North Carolina. The Federal Reserve considers a number of factors in deciding whether to approve the notice. You are invited to submit comments in writing on this notice to the Federal Reserve Bank of Richmond, P.O. Box 27622, Richmond, VA 23261. Comments can also be sent electronically to comments.applications@rich.frb.org. The comment period will not end before October 23, 2025 and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262.25. To obtain a copy of the Federal Reserve Board's procedures, or if you need more information about how to submit your comments on the notice, contact Brent B. Hassell, Assistant Vice President, at (804) 697-2633. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period. IPL0278283 Oct 3 2025