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
Author: STAFF HERE FLORENCE WRITER
FLORENCE STAFF WRITER The FLORENCE STAFF WRITER represents the experienced team at HEREFlorence.com, your go-to source for actionable local news and information in Florence, Florence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Florence Festival of Lights, Pee Dee Pride, and agricultural expos at the Florence Center. Our coverage extends to key organizations like the Florence Regional Chamber of Commerce and the Pee Dee Area Council of Governments, plus leading businesses in healthcare and retail that power the local economy such as McLeod Health and Pee Dee Electric Cooperative. As part of the broader HERE network, including HERECharleston.com, HEREColumbia.com, HEREGreenville.com, and HEREHiltonHead.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
