Acquiring Company
Optus Bank
Acquired Company
M&F Bancorp
BirminghamDurhamFinancial ServicesLending And InvestmentsFinancial ServicesFinanceLendingBankingDescription
Optus Bank is set to merge with M&F Bancorp in a deal valued at $105 million, supported by 98.6% of M&F shareholders. This merger positions the combined entity as potentially the largest Black-owned bank in the U.S. The merger requires regulatory approval and is expected to close in the fourth quarter.
Quick answer
Optus Bank is acquiring M&F Bancorp, announced November 11, 2026. Optus Bank is based in Birmingham, Alabama, United States.
- How much did Optus Bank pay for M&F Bancorp?
- The deal value was not disclosed.
- What does Optus Bank do?
- Optus Bank’s origins date back to 1921 when a group of visionary and courageous African American leaders founded a bank on the principle that all people should have access to the American Dream, regardless of their..
- Where are Optus Bank and M&F Bancorp based?
- Optus Bank is based in Birmingham, Alabama, United States. M&F Bancorp is based in Durham, North Carolina, United States.
Source: Fundz verified event record.
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- Optimum Global completes Mayfair Bank takeover (October 29, 2026)
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Who to call at Optus Bank, and when
When Optus Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Optus Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Optus Bank, from your own LinkedIn network
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Fundz sees it the moment Optus Bank makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired M&F Bancorp?
M&F Bancorp was acquired by Optus Bank, based in Birmingham. The deal was reported on November 11, 2026. Optus Bank is privately held and operates in Financial Services.
When did Optus Bank acquire M&F Bancorp?
Optus Bank's acquisition of M&F Bancorp was reported on November 11, 2026. Optus Bank is set to merge with M&F Bancorp in a deal valued at $105 million, supported by 98.6% of M&F shareholders. This merger positions the combined entity as potentially the largest Black-owned bank in the U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does M&F Bancorp do?
M&F Bancorp is the parent company of M&F Bank, one of the largest Black-owned banks in the United States. Founded in 1907, it is the nation's second-oldest Black-owned financial institution. It is privately held, operating in Financial Services, and is based in Durham.
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