Carver State Bank is a Black-operated 1927-founded bank that operates in Georgia.[1]
| Formerly |
|
|---|---|
| Industry | Financial services |
| Founded | 23 February 1927 (Georgia Savings and Realty Corp) |
| Founder | Louis B. Toomer |
| Headquarters | Savannah, |
| Products | Banking |
History
editThe 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- ^ 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.
- ^ "Carver State Bank".
- ^ a b "Carver State Bank".
Became FDIC Insured: June 1, 1947
- ^ Skidaway Road Branch: 7110 Skidaway Road, Savannah, GA
- ^ "Chatham County Assessor Refuses to Pay His Taxes". Wall Street Journal (WSJ). August 21, 1996.
at Carver State Bank in Savannah
- ^ "A Salute To Carver State Bank". Savannah Tribune. February 22, 2017.
- ^ a b Brittini Ray (June 7, 2018). "Savannah honors legacy of Carver State Bank founder". Savannah Morning News (SavannahNow.com).
- ^ "Carver State Bank".
- ^ Vaugnette Goode-Walker (February 24, 2016). "Carver State Bank Operated On West Broad Street". Savannah Tribune.
- ^ Katherine Waldock (September 21, 2020). "How Can You Be an Ally? Go to a Black-Owned Bank". The New York Times.
- ^ "Robert James II". National Bankers Association.
$30 million allocation of New Markets Tax Credits
- ^ (NMTCs)
External links
edit
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