The announced merger between Optus Financial, M&F Bancorp marks one of the most significant developments in minority banking in decades. Announced on July 22, 2026, the transaction exceeds $105 million. It will create the largest Black-owned bank in the United States. The bank will have approximately $1.27 billion in assets, subject to regulatory and shareholder […]
Tag: Black Banks
Black communities need more help from the Fed
Black people need a truly collaborative and cooperative effort — in and by the Black community — a community often trained to be cutthroat to each other given the paucity of resources at its disposal.