Black-Owned Banks Have Been Disappearing for Years. These 2 Just Made a Bold $105-Million Move to Become the Nation’s Largest

North Carolina-based Mechanics & Farmers Bank and South Carolina-based Optus Bank recently announced a high-profile merger.

BY MOSES JEANFRANCOIS, NEWS WRITER @MOSESJEANS

Two prominent Black-owned banks, Mechanics & Farmers Bank and Optus Bank, recently announced plans to merge.  

The two institutions unveiled the deal, which is valued at more than $105 million, on Wednesday. M&F shareholders are expected to receive up to $53.30 per share in........

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