Exhibit (3)(v)



| |  |                                      |  |                                  
| |  | ------------------------------------ |  | ---------------------------------
| |  |                                      |  | SOSID: 0393808                   
| |  | State of North Carolina              |  | Date Filed: 7/12/2000 12:52 PM   
| |  | Department of the Secretary of State |  | Elaine F. Marshall               
| |  |                                      |  | North Carolina Secretary of State

ARTICLES OF AMENDMENT

BUSINESS CORPORATION

Pursuant to §55-10-06 of the General Statutes of North Carolina, the
undersigned corporation hereby submits the following Articles of Amendment for the purpose of amending its Articles of Incorporation.



|1. | The name of the corporation is: M&F Bancorp, Inc.
|-- | -------------------------------------------------



|2. | The text of each amendment adopted is as follows (State below or attach):
|-- | -------------------------------------------------------------------------

Section 2.1 is deleted in its entirety and the following is inserted in lieu thereof:

Section
2.1. Total Authorized Shares of Capital Stock. The Corporation shall have the authority to issue a total of 5,000,000 shares of capital stock, none of which shall have any par value, divided into such classes as follows:



|             |  |                 
|------------ |  | ----------------
|Class        |  | Number of Shares
|Common Stock |  | 5,000,000       



|3. | If an amendment provides for an exchange, reclassification, or cancellation of issued shares, provisions for implementing the amendment, if not contained in the amendment itself,
are as follows:
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Not applicable.



|4. | The date of adoption of each amendment was as follows: May 3, 2000.
|-- | -------------------------------------------------------------------



|5. | (Check either a, b, c, or d, whichever is applicable)
|-- | -----------------------------------------------------

a. The amendment(s) was (were) duly adopted by the incorporators prior to the issuance of

shares.

b. The amendment(s) was (were) duly adopted by the board of directors prior to the issuance of

shares.

c. The amendment(s) was (were) duly adopted by the board of directors without shareholder action as shareholder action was not required because (set forth a
brief explanation of why shareholder action was not required.)

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|                       |  |                 |  |                       
|---------------------- |  | --------------- |  | ----------------------
|CORPORATIONS DIVISION  |  | P. O. BOX 29622 |  | RALEIGH, NC 27626-0622
|(Revised January 2000) |  |                 |  | (Form B-02)           



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ARTICLES OF AMENDMENT

Page 2

d.   X   The amendment(s) was (were) approved by shareholder action, and such
shareholder approval was obtained as required by Chapter 55 of the North Carolina General Statutes.



|6. | These articles will be effective upon filing, unless a delayed time and date is specified:
|-- | ------------------------------------------------------------------------------------------

Effective upon date filed.

This the 29thday of June, 2000



M&F BANCORP, INC.Name of Corporation/s/ J. W. Taylor, Chairman, President and CEOSignatureJ. W. Taylor, Chairman, President and CEOType or Print Name and Title


NOTES:

|1. | Filing fee is $50. This document and one exact or conformed copy of these articles must be filed with the Secretary of State.
|-- | -----------------------------------------------------------------------------------------------------------------------------



|                       |  |                 |  |                       
|---------------------- |  | --------------- |  | ----------------------
|CORPORATIONS DIVISION  |  | P. O. BOX 29622 |  | RALEIGH, NC 27626-0622
|(Revised January 2000) |  |                 |  | (Form B-02)