Triad Business Bank Responds to M&F's October 19 Statement
Businesswire·2026-10-22 09:55
GREENSBORO, N.C.--(BUSINESS WIRE)--Triad Business Bank (OTCID: TBBC) today responded to M&F Bancorp, Inc.'s October 19 announcement that it has adjourned its shareholder meeting to November 4, will describe Triad's proposal in a proxy supplement, and has determined not to engage with Triad. "The agreement says, in its own words, that M&F Bank 'will cease to be an independent bank' on the day the deal closes,†said Jonathan Lee Kelly, a director of Triad. "Just like Nehemiah 5:9, I have. ...