NEW YORK, September 16, 2021 / PRNewswire / – BNY Mellon today announced it is expanding its relationship with Caroline from the southBanque Optus within the framework of the Mentor-Protégé Financial Agent program of the Department of the Treasury. BNY Mellon recently provided Optus Bank with a $ 3 million deposit to complement the institution’s investments in low and moderate income (LMI) and minority communities.
“We are delighted to announce this next step in our relationship with Optus Bank in its important mission of investing in underserved communities,” said Jansen Sauvageau, director of government treasury services at BNY Mellon. “This investment will strengthen Optus’ investment capacity while leveraging BNY Mellon’s robust products, services and infrastructure. We pride ourselves on supporting an inclusive environment that provides opportunities for communities in need.
“Unlocking the full potential of every person in America will require long-term investments and unique partnerships to fill the gaps in economic opportunity. On behalf of our communities, we are grateful that BNY Mellon has committed and demonstrated sincere efforts to support access to capital and opportunities for LMI communities by supporting Optus Bank, ”said Dominik mjartan, President and Chief Executive Officer of Optus Bank.
BNY Mellon’s new investment is part of the bank’s broader initiatives to support under-represented communities through philanthropic engagement, workforce development activities and support from MDI Banks. Last year the bank announced a $ 20 million multi-year commitment to support vital education and workforce development programs in underserved populations of New York City and Pittsburgh.
About the US Treasury Bank’s Mentor-Protégé Program (TBMPP)
Established in 2018, the United States Treasury Bank’s Protected Mentorship Program (TBMPP) aims to facilitate voluntary relationships between the largest U.S. commercial banks as mentors and small and / or minority depository institutions (MDI) as protected. The objective of the program is to increase the capacity of small and minority-owned banks to better serve their customers and potentially the Treasury, to create new partnerships with the Treasury and across the banking sector, and to strengthen their ability to withstand the rigors of rapidly changing banking industry. industrial and economic environment.
About Optus Bank
The origins of Optus Bank date back to 1921, when a group of visionary and courageous African American leaders founded a bank on the premise that everyone should have access to the American Dream, regardless of inherited circumstances. Optus Bank is a federally designated minority depository, a U.S. Treasury certified community development financial institution, and an FDIC insured custodian. Visit www.optus.bank to learn more.
About BNY Mellon
BNY Mellon is a global investment firm dedicated to helping clients manage and maintain their financial assets throughout the investment lifecycle. Whether providing financial services to institutions, corporations or individual investors, BNY Mellon provides informed investment and wealth management and investment services in 35 countries. From June 30, 2021, BNY Mellon had $ 45 trillion in assets under custody and / or administration, and $ 2.3 trillion in assets under management. BNY Mellon can serve as a single point of contact for clients seeking to create, negotiate, own, manage, maintain, distribute or restructure investments. BNY Mellon is the corporate mark of Bank of New York Mellon Corporation (NYSE: BK). Further information is available at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our press room at www.bnymellon.com/newsroom for the latest company news.
SOURCE Bank of New York Mellon Corporation