Optus Bank Expands into Upstate South Carolina

News Summary

Optus Bank, South Carolina’s first Black-owned bank, is expanding its operations into the Upstate region. With a commitment to underserved communities, the bank aims to foster financial stability and build generational wealth. Led by Dominik Mjartan, the bank has seen significant growth and plans to enhance its presence in the area. Its recent acquisition of a new headquarters signifies a strong investment in community development and financial equity.

Optus Bank Takes a Bold Step into Upstate South Carolina

Welcome to the exciting world of Optus Bank, the first Black-owned bank in South Carolina, as it expands its operations into the Upstate region! Originally founded in 1921 as Victory Savings Bank, this resilient institution has its headquarters at 1107 Washington St., Columbia, SC. With a mission to champion the financial futures of marginalized communities, Optus Bank is on a journey to help build generational wealth for families and individuals who often find themselves overlooked by traditional financial services.

A Commitment to Community and Access

Optus Bank is a federally designated Minority Depository Institution, representing a vital lifeline for those seeking capital loans and financial services. The bank’s president and CEO, Dominik Mjartan, has emphasized their commitment to serving high-potential individuals who might not fit the conventional mold recognized by larger banks. Think of Optus Bank as a community development bank that thrives by reaching out to those who are underserved.

Building Roots in Upstate South Carolina

Over the past few years, Optus Bank has been steadily strengthening its customer relationships in the Upstate. This effort received a considerable boost after a senior commercial relationship manager was hired in Greenville, leading to a rapid increase in operations in the area. Currently, the bank serves 38 customers in the Upstate while continuing to expand banking relationships. Exciting plans for further expansion in this region are just on the horizon!

Digital Banking Revolution

At the heart of Optus Bank’s growth is the embrace of modern banking technology. Mjartan noted that the digitalization of banking services has played a significant role in their achievements. While the bank hasn’t set up a physical location in Upstate yet, they remain open to doing so if the need arises. Their innovative approach allows them to serve customers in all 50 states outside South Carolina as well.

Current Leadership Transition

Under Mjartan’s leadership since 2017, the bank has increased its assets by more than 1,000% and raised over $100 million in equity. Remarkably, after years of exemplary service, he will be stepping down from day-to-day leadership to make way for fresh and diverse talent. The bank is excited to welcome Benita Lefft as its new president, ensuring the continuity of Optus Bank’s mission and values.

New Headquarters for a Fresh Start

As Optus continues to grow, they have recently purchased a 22,500-square-foot building at 1710 Gervais St. for $2.6 million. This new corporate headquarters not only symbolizes a significant investment in their future but also aims to help revitalize a central part of Columbia, creating a bustling space for community interaction and support.

Ensuring Financial Equity

Optus Bank has made a name for itself by ensuring access to credit and banking services for every individual, regardless of their race or financial background. This dedication to equity and inclusion distinguishes Optus as an inspiring leader in the financial services sector.

So there you have it! The expansion of Optus Bank into Upstate South Carolina marks a significant step towards helping families achieve financial stability and the promise of long-lasting wealth. With their heart set on the community, Optus Bank is ready to make waves and empower underserved customers like never before!

Deeper Dive: News & Info About This Topic

• Upstate Business Journal: Optus Bank Expands into Upstate South Carolina
• American Banker: Black-Owned Bank Explosive Growth
• The State: Local News Article
• Wikipedia: Minority Depository Institution
• Banking Dive: State Street Invests in Minority Depository Institutions