Triad Business Bank Responds to M&F’s Oct. 19 Statement

The agreement says M&F Bank “will cease to be an independent bank.” The meeting moved, but the facts didn’t. M&F’s Board decided the bank was finished. A new day is here, and Triad is just getting started: it responds to M&F’s October 19 statement, corrects the record on its proposal, and keeps M&F alive for its shareholders, employees, customers and North Carolina..

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.