Triad Business Bank Challenges M&F's Proposed Sale to Optus Ahead of Shareholder Vote

• Triad Business Bank published a presentation challenging M&F Bancorp's proposed sale to Optus, arguing its competing proposal offers greater value.
• Its offer provides $53.50 cash per share for up to 25% of shares, or 1.25 combined-company shares for each remaining share.
• M&F shareholders would own about 47% to 50% of a $1 billion institution, retaining M&F Bank's charter, name and Durham headquarters.
• Triad argued Optus' price remains up to $53.30 per share, subject to reduction, with no increase since July 21.
• The Optus agreement would merge M&F Bank into Optus at closing; M&F's shareholder meeting is scheduled for November 4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Triad Business Bank published the original content used to generate this news brief via Business Wire (Ref. ID: 20261027405004) on October 27, 2026, and is solely responsible for the information contained therein.