M&F Shareholders Support Merger with Optus
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AI-assisted source synthesis · not an independent investigation.
On November 12, 2026, approximately 98.6% of M&F Bancorp shareholders eligible to vote supported its $105 million merger with Optus Bank, thwarting an alternative proposal from Triad Business Bank. The transaction still requires approval from the Federal Reserve, the Federal Deposit Insurance Corporation, and regulators in both states, and is targeted for completion in the fourth quarter. The combined assets of the two banks will total $1.2675 billion.
AI-written from reports · updated 1 hour ago
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- Banking DiveM&F shareholders overwhelmingly support merger with Optus
Approximately 98.6% of M&F Bancorp shareholders with voting rights supported the $105 million merger with Optus Bank, defeating an alternative proposal from Triad Business Bank. The transaction is still subject to approval by the Federal Reserve, FDIC and regulators in both states, and is targeted for completion in the fourth quarter; the merger will bring the two banks’ combined assets to $1,267.5 million.
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