EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • January 18th, 2007 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina
THIS EMPLOYMENT AGREEMENT, made and entered into this 12th day of January, 2007, between M&F Bancorp, Inc., a holding company organized and existing under the laws of the State of North Carolina (“Bancorp”), and its subsidiary, Mechanics & Farmers Bank duly organized and existing under the laws of the State of North Carolina (the “Bank”), (collectively referred to as “Employer”), and Kim D. Saunders (the “Executive”).
