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Bny Mellon Expands Optus Bank Relationship With $3 Million Investment As Part Of The U. S. Department Of The Treasury Financial Agent Mentor-Protégé Program

Sep 16, 2021•almost 4 years ago

Amount Raised

$3 Million

Round Type

seed

Description

BNY Mellon announced today that it is expanding its relationship with South Carolina-based Optus Bank as part of the Treasury Department's Financial Agent Mentor-Protégé program. BNY Mellon has recently provided Optus Bank with a $3 million deposit to supplement the institution's investments in Low and Moderate Income (LMI) and minority communities.

Company Information

Company

Bny Mellon

About

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Contacts: