Bank of America invests in black owned Optus Bank

Bank of America has invested $50 million in three black-owned banks in the US as part of their $1 billion pledge over the next 4 years to advance racial equality. One of the banks directly benefiting from this investment is Optus Bank based in Columbia, SC. Optus Bank has also received money from PayPal last month. This capital infusion will help the bank lend more aggressively in the community. Optus Bank is based in Columbia, SC and was founded in 1921 by a group of black Americans and is one of 20 banks nationally designated as Black owned.