Meet James Sills III, the New CEO of M&F Bank

The Herald Sun
Tuesday, August 12, 2014

James Sills, Secretary of the Department of Technology for the state of Delaware, has been appointed the new CEO of historic Durham, N.C.-based Mechanics & Farmers Bank. “I think it’s important to embrace the history and tout the founders and tout what the banks mean to the community,” Sills said. But the bank is also looking ahead. This week, the bank started transitioning to a new tech platform, Fiserv. Sills also plans to initiate a complete overhaul of the M&F website and introduce a new mobile app. Kim Saunders, former CEO and current CEO of the bank’s holding company, M&F Bancorp, has taken a role in the financial services division. "After 32 years, I am truly looking forward to the new opportunities retirement from commercial banking will present," Saunders said.