SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • January 24th, 2007 • M&f Bancorp Inc /Nc/ • State commercial banks
This Separation Agreement and General Release (“Agreement”) is entered into between M&F Bancorp, Inc., a holding company and corporation organized under the laws of the State of North Carolina (“Bancorp”) and its subsidiary, Mechanics & Farmers Bank, a corporation organized under the laws of the State of North Carolina (the “Bank”) (collectively referred to as “Employer”), and Ronald Wiley (“Executive”).
