"State Street Corp. in Boston has picked three more minority banks to receive a portion of the $100 million of deposits it plans to place this year at some of the nation's minority depository institutions.

Carver State Bank in Savannah, Georgia; Citizens Trust Bank in Atlanta; and Ponce Bank in New York City will each receive an undisclosed amount of deposits as part of State Street's program to provide low-cost, stable deposits to MDIs and community development financial institutions. The trio joins Optus Bank in Columbia, South Carolina, and M&F Bank in Durham, North Carolina, the first two recipients of State Street's deposits."