Triad Business Bank Publishes M&F Bancorp Offer After Board Rejection
Triad Business Bank disclosed its fourth proposal for M&F Bancorp despite the target board's October 14 rejection of further discussions. The October 8 proposal offers $53.50 cash per share for up to 25% of outstanding shares, with oversubscriptions prorated. Alternatively, holders would receive 1.25 M&F Bancorp shares