Carver State Bank is a Black-operated 1927-founded bank that operates in

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

History

The multi-branch banks's headquarters are in

Savannah A savanna or savannah is a mixed woodland-grassland (i.e. grassy woodland) biome and ecosystem characterised by the trees being sufficiently widely spaced so that the canopy does not close. The open canopy allows sufficient light to reach th ...

. It was founded February 23, 1927, by Savannah-born Louis B. Toomer as Georgia Savings and Realty Corp. On April 29, 1947 it became a state-supervised bank (with

FDIC The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

-insured effective June 1, 1947)), and their name was changed to Carver Savings Bank. In 1962, when "Carver became a full-service commercial bank offering checking accounts" it assumed its present name: Carver State Bank. Like

Carver Federal Savings Bank Carver Federal Savings Bank, opened under the leadership of M. Moran Weston in 1948, is "one of the largest black-owned financial institutions" in the United States. RegusWachovia Global Equity Holding Group & Carver Bancorp, Inc. is its holdin ...

, to which it is not connected, it is named after

George Washington Carver George Washington Carver ( 1864 – January 5, 1943) was an American Agricultural science, agricultural scientist and inventor who promoted alternative crops to cotton and methods to prevent soil depletion. He was one of the most prominent bla ...

. Carver, like New York-based Carver Federal Savings Bank, "is among the roughly 1,000 government-recognized Community Development Financial Institutions dedicated to economically underserved areas." As a CDFI, Carver is eligible for New Market Tax Credits.(NMTCs)

References

External links

Website
Financial services companies established in 1927 Financial services companies of the United States {{US-bank-stub