Optus Bank is a federally designated Minority Depository Institution (MDI) and U.S. Treasury‑certified Community Development Financial Institution (CDFI) that provides banking and capital access to individuals and small businesses in underserved communities. The bank reports that over 90% of its assets are invested in communities of color and emphasizes products and services that support homeownership, savings, and small‑business growth. Optus traces its origins to 1921 and is FDIC‑insured. Over the past five years the bank has grown 500% and reached sustained profitability. Management says a recent capital raise will let the bank expand operations and more than double in size and impact. The bank is headquartered in Birmingham, Alabama and focuses on channeling resources to historically disinvested people and places.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2021