Triad Business Bank Confirms It Is “Party A,” Publishes Its Proposal to M&F Bancorp’s Shareholders After the October 7 Vote Did Not Approve the Optus Agreement, and Tells Them It Will Still Be There on October 21, Whichever Way the Vote Goes

GREENSBORO, N.C.–(BUSINESS WIRE)–Triad Business Bank (OTCID: TBBC) (“Triad”) today confirmed that it is the “Party A” described in the proxy statement of M&F Bancorp, Inc. (“M&F”) dated September 1, 2026, and published an open letter to M&F’s shareholders and Board of Directors. Triad has made four written proposals to M&F’s Board since August 6, 2026, the most recent on October 8 (“Proposal Four”); the terms of proposals 1, 2 & 4 have not previously been public. Key point