An optoelectronic oscillation method with reconfigurable multiple formats for simultaneous generation of coherent dual-band signals is proposed and experimentally demonstrated. By introducing a compatible filtering mechanism based on stimulated Brillouin scattering (SBS) effect into a typical Phase-shifted grating Bragg fiber (PS-FBG) notch filtering cavity, dual mode-selection mechanisms which have independent frequency and time tuning mechanism can be constructed. By regulating three controllers, the proposed scheme can work in different states, named mode 1, mode 2 and mode 3. At mode 1 state, a dual single-frequency hopping signals is achieved with 50 ns hopping speed and flexible central frequency and pulse duration ratio. The mode 2 state is realized by applying the Fourier domain mode-locked (FDML) technology into the proposed optoelectrical oscillator, in which dual coherent pulsed single-frequency signal and broadband signal is generated simultaneously. The adjustability of the time duration of the single-frequency signal and the bandwidth of the broadband signal are shown and discussed. The mode 3 state is a dual broadband signal generator which is realized by injecting a triangular wave into the signal laser. The detection performance of the generated broadband signals has also been evaluated by the pulse compression and the phase noise figure. The proposed method may provide a multifunctional radar system signal generator based on the simply external controllers, which can realize low-phase-noise or multifunctional detection with high resolution imaging ability, especially in a complex interference environment.