Optus Bank
Optus Bank was built upon the foundation created 100 years ago by the visionary Black leaders who established Victory Savings and Loan in 1921. It was founded as South Carolina’s only Black-owned bank, which is a distinction it still holds today. The founders’ goal was to provide access to capital to individuals and businesses excluded from the banking system. That main goal has remained the same — to ensure that wealth-building is not just for the wealthy. In 2019, Victory changed its name to Optus Bank, and in 2020 hit an all-time record of profitability.
Optus places a priority on green lending to support sustainable growth and environmental stewardship.
Optus Bank
Optus Bank was built upon the foundation created 100 years ago by the visionary Black leaders who established Victory Savings and Loan in 1921. It was founded as South Carolina’s only Black-owned bank, which is a distinction it still holds today. The founders’ goal was to provide access to capital to individuals and businesses excluded from the banking system. That main goal has remained the same — to ensure that wealth-building is not just for the wealthy. In 2019, Victory changed its name to Optus Bank, and in 2020 hit an all-time record of profitability.
Optus places a priority on green lending to support sustainable growth and environmental stewardship.
By the numbers
97%
of loans originated in 2023 were impact loans
46%
of loans by dollar amount went to Majority-Minority areas
211
loans in Majority-Minority areas in 2023, up from 92 in 2022
79%
year-over-year increase in the number of loans by Minority Borrowers
1,954
of 2023 loans were for micro loans <$50K
97%
of loans originated in 2023 were impact loans
Source: Impact data from Optus Bank Impact Report 2023.
By the numbers
97%
of loans originated in 2023 were impact loans
46%
of loans by dollar amount went to Majority-Minority areas
211
loans in Majority-Minority areas in 2023, up from 92 in 2022
79%
year-over-year increase in the number of loans by Minority Borrowers
1,954
of 2023 loans were for micro loans <$50K
97%
of loans originated in 2023 were impact loans
Source: Impact data from Optus Bank Impact Report 2023.