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Carver State Bank

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Carver State Bank is a Black-operated 1927-founded bank that operates in Georgia . [1]

History [ edit ]

The multi-branch [2] [3] [4] banks's headquarters are in Savannah . [5] It was founded February 23, 1927, [6] by Savannah-born Louis B. Toomer as Georgia Savings and Realty Corp. [7]

On April 29, 1947 [8] it became a state-supervised bank (with FDIC -insured effective June 1, 1947) [3] ), and their name was changed to Carver Savings Bank. In 1962, when "Carver became a full-service commercial bank offering checking accounts" [9] it assumed its present name: Carver State Bank. [7] Like Carver Federal Savings Bank , to which it is not connected, it is named after George Washington Carver . Carver, like New York-based Carver Federal Savings Bank, [10] "is among the roughly 1,000 government-recognized Community Development Financial Institutions dedicated to economically underserved areas." [1] As a CDFI, Carver is eligible for New Market Tax Credits . [1] [11] [12]

References [ edit ]

  1. ^ a b c Will Lambe; Chis Thayer (2018). "Access to Capital for Entrepreneurs and Carver State Bank Case Study: A case study from the Federal Reserve Bank of Atlanta" . Federal Reserve Bank of Richmond . Retrieved December 14, 2020 .
  2. ^ "Carver State Bank" .
  3. ^ a b "Carver State Bank" . Became FDIC Insured: June 1, 1947
  4. ^ Skidaway Road Branch : 7110 Skidaway Road, Savannah, GA
  5. ^ "Chatham County Assessor Refuses to Pay His Taxes" . Wall Street Journal (WSJ) . August 21, 1996. at Carver State Bank in Savannah
  6. ^ "A Salute To Carver State Bank" . Savannah Tribune . February 22, 2017.
  7. ^ a b Brittini Ray (June 7, 2018). "Savannah honors legacy of Carver State Bank founder" . Savannah Morning News (SavannahNow.com) .
  8. ^ "Carver State Bank" .
  9. ^ Vaugnette Goode-Walker (February 24, 2016). "Carver State Bank Operated On West Broad Street" . Savannah Tribune .
  10. ^ Katherine Waldock (September 21, 2020). "How Can You Be an Ally? Go to a Black-Owned Bank" . The New York Times .
  11. ^ "Robert James II" . National Bankers Association . $30 million allocation of New Markets Tax Credits
  12. ^ (NMTCs)

External links [ edit ]


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