“To fulfill our commitment to closing the opportunity gap in our community, we need strategic investments from partners along missions like SouthState. With the support of their equity investments, We are in total $ 17 million Nearly developed assets with new capital since 2020 $ 300 million” Dominique mujartan, President and Chief Executive Officer of Optus Bank. “The mission and mission of Optus Bank is to extend this capital to underserved minority communities, homes and businesses in order to generate generational wealth. “

“Minority depositors need our support to make a difference in the minority community and enable equal access to banking services. These are ways that traditional financial institutions cannot or cannot. You can access the community. ” Redon Jones, director of corporate management. “Our investment is unique because we not only offer equity, but we are also looking for other ways to partner with Optus to meet the needs of these communities. “

With over 5,000 banks in the United States, Optus is one of 35 banks, both MDI and CDFI.

According to the Federal Deposit Insurance Corporation (FDIC), 22% of Americans are considered to have no or few bank accounts. In other words, you don’t have a check, savings deposit, or money market account, or you use an alternative financial service such as a check. Monetization services, payday loans, prepayments of paychecks or similar services.

According to the FDIC, banks without a bank account or banks without a bank account are likely to have low incomes, low levels of education, or belong to racial or ethnic minority groups.

With over 90% of Optus’ assets invested in the community of colors, Optus manages and moves money for individuals and small businesses with the goal of ensuring that wealth building isn’t the only one. objective. Wealthy people who focus on providing innovative ways to save and borrow.

Southern State Company (NASDAQ: SSB) Is a headquartered financial services company. Winter Haven, Florida.. The company’s nationally chartered banking subsidiary, South State Bank, NA, provides personal, business, mortgage and wealth management solutions to more than one million customers worldwide. Florida, Alabama, Georgia, With the Carolinas Virginia.. Banks also serve clients from coast to coast through the correspondent banking industry. Additional information is available at. SouthStateBank.com.

Optus Bank Hailing from 1921, a group of visionary and courageous African American leaders founded a bank on the premise that everyone should have access to the American Dream, no matter what. Do. Optus Bank is a federally appointed minority depository agency, US Treasury certified community development financial institution, and FDIC insured depository agency.

Source South State Bank NA

Related links

www.southstatebank.com