{"id":539075,"date":"2021-09-16T08:04:26","date_gmt":"2021-09-16T12:04:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-expands-optus-bank-relationship-with-3-million-investment-as-part-of-the-u-s-department-of-the-treasury-financial-agent-mentor-protege-program\/"},"modified":"2021-09-16T08:04:26","modified_gmt":"2021-09-16T12:04:26","slug":"bny-mellon-expands-optus-bank-relationship-with-3-million-investment-as-part-of-the-u-s-department-of-the-treasury-financial-agent-mentor-protege-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-expands-optus-bank-relationship-with-3-million-investment-as-part-of-the-u-s-department-of-the-treasury-financial-agent-mentor-protege-program\/","title":{"rendered":"BNY Mellon Expands Optus Bank Relationship With $3 Million Investment as Part of the U. S. Department of the Treasury Financial Agent Mentor-Prot\u00e9g\u00e9 Program"},"content":{"rendered":"
\n

BNY Mellon’s contribution will support investments in Low and Moderate Income (LMI) and minority communities<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Sept. 16, 2021<\/span> \/PRNewswire\/ — BNY Mellon announced today that it is expanding its relationship with South Carolina<\/span>-based Optus Bank as part of the Treasury Department’s Financial Agent Mentor-Prot\u00e9g\u00e9 program. BNY Mellon has recently provided Optus Bank with a $3 million<\/span> deposit to supplement the institution’s investments in Low and Moderate Income (LMI) and minority communities.<\/p>\n

“We are thrilled to announce this new milestone in our relationship with Optus Bank in its important mission of investing in under-served communities,” said Jansen Sauvageau, Director of Government Treasury Services at BNY Mellon. “This investment will further Optus’ investment capacity while leveraging BNY Mellon’s robust products, services, and infrastructure. We are proud to be supporting an inclusive environment that provides opportunities for communities in need.”\u00a0<\/p>\n

“Unleashing the full potential of every person in America will require long term investments and unique partnerships aimed at closing the economic opportunity gaps.\u00a0 On behalf of our communities, we are grateful that BNY Mellon has committed and demonstrated their genuine efforts to support access to capital and opportunities for LMI communities by supporting Optus Bank,” said Dominik Mjartan<\/span>, President and CEO of Optus Bank.<\/p>\n

BNY Mellon’s new investment is part of the bank’s broader initiatives to support underrepresented communities through philanthropic engagement, workforce development activities, and support of MDI Banks. Last year, the bank announced a $20 million<\/span> multi-year commitment in support of vital educational and workforce development programming in underserved populations of New York City<\/span> and Pittsburgh.\u00a0<\/p>\n

\n About U.S. Treasury Bank Mentor-Prot\u00e9g\u00e9 Program (TBMPP)
<\/b>Established in 2018, the U.S. Treasury Bank Mentor Prot\u00e9g\u00e9 Program<\/a> (TBMPP) works to facilitate voluntary relationships between the largest U.S. commercial banks as mentors and small and\/or minority depository institutions (MDIs) as prot\u00e9g\u00e9s. The aim of the program is to increase the capacity of small and minority-owned banks to better serve their customers and potentially Treasury, create new partnerships with Treasury and across the banking industry, and strengthen their ability to withstand the rigors of the rapidly changing banking industry and economic environment.<\/p>\n

\n About Optus Bank<\/b>
\n
\n
\n <\/b>Optus Bank’s origins date back to 1921 when a group of visionary and courageous African American leaders founded a bank on the principle that all people should have access to the American Dream, regardless of their inherited circumstances. Optus Bank is a federally designated Minority Depository Institution, a U.S. Treasury Certified Community Development Financial Institution, and an FDIC insured depository. Visit www.optus.bank<\/a><\/u> to learn more.<\/p>\n

\n About BNY Mellon<\/b>
\n
\n
\n <\/b>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 June 30, 2021<\/span>, BNY Mellon had $45.0 trillion<\/span> in assets under custody and\/or administration, and $2.3 trillion<\/span> 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). Additional information is available on www.bnymellon.com<\/a>. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com\/newsroom<\/a> for the latest company news.<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/bny-mellon-expands-optus-bank-relationship-with-3-million-investment-as-part-of-the-u-s-department-of-the-treasury-financial-agent-mentor-protege-program-301378103.html<\/a><\/p>\n

SOURCE The Bank of New York Mellon Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

BNY Mellon’s contribution will support investments in Low and Moderate Income (LMI) and minority communities PR Newswire NEW YORK, Sept. 16, 2021 \/PRNewswire\/ — 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-Prot\u00e9g\u00e9 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. “We are thrilled to announce this new milestone in our relationship with Optus Bank in its important mission of investing in under-served communities,” said Jansen Sauvageau, Director of Government Treasury Services at BNY Mellon. “This investment will further Optus’ investment capacity while leveraging BNY Mellon’s … <\/p>\n

Continue reading “BNY Mellon Expands Optus Bank Relationship With $3 Million Investment as Part of the U. S. Department of the Treasury Financial Agent Mentor-Prot\u00e9g\u00e9 Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539075","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBNY Mellon Expands Optus Bank Relationship With $3 Million Investment as Part of the U. S. Department of the Treasury Financial Agent Mentor-Prot\u00e9g\u00e9 Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-expands-optus-bank-relationship-with-3-million-investment-as-part-of-the-u-s-department-of-the-treasury-financial-agent-mentor-protege-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNY Mellon Expands Optus Bank Relationship With $3 Million Investment as Part of the U. S. 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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. “We are thrilled to announce this new milestone in our relationship with Optus Bank in its important mission of investing in under-served communities,” said Jansen Sauvageau, Director of Government Treasury Services at BNY Mellon. “This investment will further Optus’ investment capacity while leveraging BNY Mellon’s … Continue reading "BNY Mellon Expands Optus Bank Relationship With $3 Million Investment as Part of the U. S. 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