Acquiring Company
M&F Bank
Acquired Company
Optus Financial
DurhamColumbiaFinancial ServicesFinanceLendingBankingFinancial ServicesLending And InvestmentsFinanceLendingBankingCommercial BankingDescription
M&F Bancorp and Optus Financial Corp. announced their plans to merge, creating a combined entity with $1.27 billion in assets and 10 locations in North and South Carolina. The merger is set to close in the fourth quarter of 2026, pending regulatory and shareholder approval. Leadership roles will be shared between the two organizations, with James H. Sills III serving as CEO of the combined entity.
Quick answer
M&F Bank is acquiring Optus Financial, announced July 23, 2026. M&F Bank is based in Durham, North Carolina, United States.
- How much did M&F Bank pay for Optus Financial?
- The deal value was not disclosed.
- What does M&F Bank do?
- M&F Bank is North Carolina’s oldest minority-owned financial institution and a pivotal entity in African American banking history.
- Where are M&F Bank and Optus Financial based?
- M&F Bank is based in Durham, North Carolina, United States. Optus Financial is based in Columbia, South Carolina, United States.
- Who are the decision-makers at M&F Bank?
- Fundz holds 2 contacts at M&F Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Optus Financial Corp. merges with M&F Bank (August 1, 2026)
- HBT Financial completes CNB acquisition successfully (July 27, 2026)
- First Financial Bank to acquire Hickory Point Bank (September 6, 2026)
- Roselabs Finance to merge with National Standard and Lodha (September 4, 2026)
- Hawthorn Bancshares completes merger with FSC Bancshares (September 4, 2026)
- CCB and Samson to merge in 2027 (September 2, 2026)
Who to call at M&F Bank, and when
When M&F Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day M&F Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at M&F Bank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Optus Financial?
Optus Financial was acquired by M&F Bank, based in Durham. The deal was reported on July 23, 2026. M&F Bank is North Carolina’s oldest minority-owned financial institution and a pivotal entity in African American banking history. M&F Bank is privately held and operates in Financial Services.
When did M&F Bank acquire Optus Financial?
M&F Bank's acquisition of Optus Financial was reported on July 23, 2026. M&F Bancorp and Optus Financial Corp. announced their plans to merge, creating a combined entity with $1.27 billion in assets and 10 locations in North and South Carolina. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Optus Financial do?
Optus Financial Corp. is the parent company of Optus Bank, which is South Carolina’s only Black-owned bank. Founded in 1921 as Victory Savings Bank, Optus Bank plays a significant role in providing financial services to the Black community in South Carolina. It is privately held, operating in Financial Services, and is based in Columbia.
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