Treasury Management

M&F Bank can provide tools and services that will enable you to utilize cash more effectively and streamline your business processes to reduce operating costs. We want to help you achieve bottom line results.

Our products can be customized around your specific needs and offer solutions for managing cash and account information, collections and disbursements.

Information Management

- allows you to manage your cash and make accurate decisions based on real-time information in a secure, anytime/anywhere environment with just a point and click.

Business Internet Banking

• Our cash management software provides a comprehensive package of commercial Internet Banking tools designed to meet the needs of every customer, from large corporations to small business.
• The basic reporting service is not only easy and convenient but it is free and additional services can be added for a minimal fee.
• Basic reporting includes up-to-the-minute balances, internal funds transfer, check image access and statement image access. Stop Payments can also be initiated through Internet Banking at a discounted fee.
• Additional services include ACH Debit and Credit Origination, Wire Transfer, Tax Payments and File Transfer. You can pick and choose only those services you need instead of paying for a bundled package.

Account Analysis Statements

• To better manage your bank fees, we can provide a monthly statement that reports average balances, earnings credit, transactions and related fees. M&F's business internet banking product captures this statement at the close of each month and is easily accessed through business internet banking in the Documents section.

Deposit Reconciliation

• Companies with multiple locations can track daily deposit information by date, location and amount by depositing funds into a single account and utilizing serialized deposit tickets. The deposits can be sorted and exported through transactions management in our business internet banking product.

Check Reconciliation

• M&F can provide an electronic file containing a listing of paid checks in numerical order.

Check Imaging

• M&F can provide a CD-ROM each statement period containing images of the front and back of each check cleared in that period.

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Collections Services

- can be utilized to efficiently manage customers' payments, posting receivables and incoming cash flows.

Wholesale Lockbox

• This service helps you convert your receivables into cash quickly, improves internal controls and allows your staff to focus on value added functions while reducing your operating costs. Your customer's payments are mailed directly to our designated Post Office Box and M&F will be responsible for picking up the mail, processing and depositing the funds into your account each day. We will provide an encrypted file which includes a list of customer payments along with images of your checks and remittance copies in a Tagged Image File Format each day. This service is flexible and can be customized around your business needs.

Cash Concentration

• If your business has locations that are not convenient to M&F branches, deposits can be made into local area banks and the funds can be consolidated into the main account at M&F by utilizing the ACH module in Business Internet Banking. Consolidating your funds into one account will allow cash to be used for disbursements, debt repayment or short term investing.

Automatic Clearing House (ACH) Debit Origination

• The collection of recurring payments can be handled electronically through the ACH Module either in separate transactions or in a NACHA formatted file built through your software. The consumer's account is pre-authorized to be debited on a pre-arranged date and is credited to your company's bank account. This service takes the guess work out of when payments will be received.

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Disbursement Services

- can assist with the proper disbursement of funds to vendors, suppliers, employees, etc. in a timely and cost-effective manner.

Automatic Clearing House (ACH) Credit

• Save time and money with electronic payment of payroll, expense reimbursements, commissions or vendor payments. The Business Internet Banking product allows you to set up individual ACH items or import a NACHA formatted file built from your software.

Controlled Disbursements

• The basic reporting service in our business internet banking product provides a list of items that will be presented against your disbursement account usually before 10:00 a.m. each morning which allows you to manage your cash and maximize the use of your funds.

Wire Transfers

• A fast and easy way to move domestic and international funds into your account with same day processing. Wire Transfers can be handled by a M&F Customer Service Representative or at your convenience with M&F's Wire Transfer Module through our Internet Banking Product.

Zero Balance Account (ZBA)

• To utilize excess cash, a zero balance can be maintained in designated accounts and funds are automatically transferred to cover checks when they are presented. This service helps to eliminate overdrafts in subsidiary accounts, reduces administrative costs by eliminating the manual transfer of funds and eliminates idle cash balances allowing maximum use of funds.

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Short Term Investments

- allow you to utilize idle cash by investing overnight or reducing an outstanding line of credit balance.

CashSweep Account

• Our CashSweep account is linked to your checking account, so that the excess balance is automatically swept into an investment account overnight. When money is needed to cover your checking activity, we sweep it back into your checking account. It all happens and you never have to be concerned about transferring funds or overdrawing your checking. Plus, since you always have access to your money, there are no early withdrawal penalties like there are with CDs. You can be assured that your excess balances are earning dividends each day.
   
  Your CashSweep investment account will be managed by Federated Investors, Inc.; the nation's third largest money market funds manager. You select a fund based on the appropriate Federated prospectus. Once the service is established on your account, all available funds will be directed to and deposited at Federated. The account information including the daily rate is available through our Business Internet Banking Product so you can monitor your cash flow easily.

Please contact us for more information and we will send you a money market mutual fund prospectus; please read it carefully before investing or sending money.

An investment in money market funds is neither insured nor guaranteed by the FDIC or any other government agency. Although the money market funds seek to preserve the value of your investments at $1.00 per share, it is possible to lose money by investing in these funds.

Credit Sweep

• If you have a Line of Credit with M&F Bank, you can utilize our Credit Sweep Service which automatically sweeps excess balances from your commercial checking account daily and applies it against your outstanding balance on your Line of Credit. It also provides automatic funding from your Line of Credit to your checking account to prevent overdrafts and associated fees. To see if you are eligible, please contact your Commercial Lender.

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Debbie Sigman
dsigman@mfbank.com
601-605-6716

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