How did the Mechanics and Farmers Bank of Durham, NC, differ from most other banks of the early 1900s?

The Mechanics and Farmers Bank was founded in Durham in 1907 by Black business leaders, including John Merrick, to provide banking services to the Black community. This made it different from most banks of the era, which were not established by Black businessmen to serve that community. The correct choice is “It was established by Black businessmen to serve their community.”

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