Home » Duke Energy establishes relationship with Optus Bank

Duke Energy establishes relationship with Optus Bank

GREENVILLE, S.C. — Duke Energy announced today it has deposited $5 million into Optus Bank, a Black-owned bank based in South Carolina, furthering the company’s support for diverse and minority-owned businesses, individuals, and low-income communities. The transaction was completed at the end of 2020.

One of approximately 20 banks designated as Black or African American owned in the U.S., Optus Bank will use the money Duke Energy deposited to provide other minority-owned businesses and underserved communities equal access to capital loans and financial services.

This marks the largest deposit Duke Energy has made with a Black-owned bank in the U.S. and the company expects to evaluate additional similar opportunities in the future. And, this historic relationship expands Optus Bank’s depositors to include the utility sector.