Triad Bank makes competing bid for Black-owned Mechanics & Farmers Bancorp

Greensboro-based Triad Bank submitted a competing offer to acquire Durham-based M&F Bancorp, the parent company of Mechanics & Farmers Bank. M&F had reaffirmed its recommendation that shareholders approve a merger with Optus Financial Corporation, setting up a contested strategic decision for the hi

• black-owned bank
• banking
• merger
• north carolina