Optus Financial and M&F Bancorp Agree to Merger to Create Largest African American-Owned Financial Institution in the United States

Optus Financial Corporation, the parent company of Optus Bank, and M&F Bancorp, Inc., the parent company of Mechanics & Farmers Bank, have entered into a definitive merger agreement that will unite two of the nation’s longest-serving Minority Depository Institutions (MDIs), creating what the companies say will become the largest African American-owned financial institution in the […]