Pursuing racial justice for our community begins here.
Since our origins in 1921, Optus Bank has worked to ensure that all people, regardless of the color of their skin or their financial situation had access to credit, capital, and banking services. Minority Depository Institutions (MDIs) were created to promote the economic viability of the communities they serve. Only 2.8 percent of insured financial institutions in the United States are designated as MDIs and Optus is one of only twenty banks designated as Black or African American owned
The tragic murders of George Floyd, Breonna Taylor and Ahmaud Arbery and the peaceful protests that have followed have awakened our country to the systemic racism and inequities that Black Americans face every day. We extend our deepest condolences to the families of all those who have lost loved ones to racially motivated violence and wish to add our voice as a peaceful protester calling for an end to race and ethnicity-based discrimination in any form. For nearly 100 years, Optus Bank has worked to dismantle structural racism and the disparities they cause to ensure that our community has equal access to financial services and asset-building opportunities. Nearly 90% of all dollars we lend are carefully invested in minority businesses, homes, and low-income communities.
With support from many public and private partners, we are doubling down on our commitment to equity for those opportunities, especially in the banking industry, an industry with a legacy of discrimination against Black Americans, Indigenous and People of Color.
We, at Optus Bank, are committed to living our values by:
- Actively learning from the current events to better support asset building. We will continue to challenge our own practices, procedures, and policies to make sure they better support our customers’ journey to financial prosperity.
- Advocating for public and private resources to align with the goals of broad-based and equal opportunity for all people, regardless of their zip code or color of their skin. Nonprofits, philanthropy, and public bodies with a mandate of public good need to deploy all their resources, including their banking relationships, to help close the racial wealth gap.
- Working with tremendous urgency to grow our impact and partner with other mission-driven institutions to help channel credit, capital and economic opportunities to people and places in our community.
We are fully committed to devoting our time and energy to these efforts because All Lives Will Not Matter until Black Lives Matter.Dominik Mjartan, President & CEO