Carver State Bank
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Carver State Bank
Carver State Bank is a Black-operated 1927-founded bank that operates in Georgia. History The multi-branch banks's headquarters are in Savannah 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-insured effective June 1, 1947)), and their name was changed to ''Carver Savings Bank.'' In 1962, when ''Carver'' "Carver became a full-service commercial bank offering checking accounts" it assumed its present name: ''Carver State Bank.'' Like Carver Federal Savings Bank, to which it is not connected, it is named after George Washington Carver George Washington Carver ( 1864 – January 5, 1943) was an American agricultural scientist and inventor who promoted alternative crops to cotton and methods to prevent soil depletion. He was one of the most prominent black scientists of the ea .... ''Carver'', like New York-based ''Carver Federal Savings Bank'', "is amo ...
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Georgia (U
Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the country in the Caucasus ** Kingdom of Georgia, a medieval kingdom ** Georgia within the Russian Empire ** Democratic Republic of Georgia, established following the Russian Revolution ** Georgian Soviet Socialist Republic, a constituent of the Soviet Union * Related to the US state ** Province of Georgia, one of the thirteen American colonies established by Great Britain in what became the United States ** Georgia in the American Civil War, the State of Georgia within the Confederate States of America. Other places * 359 Georgia, an asteroid * New Georgia, Solomon Islands * South Georgia and the South Sandwich Islands Canada * Georgia Street, in Vancouver, British Columbia, Canada * Strait of Georgia, British Columbia, Canada United K ...
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Federal Reserve Bank Of Richmond
The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia excluding the Northern Panhandle. Branch offices are located in Baltimore, Maryland and Charlotte, North Carolina. Thomas I. Barkin became president of the Richmond Fed following the retirement of Jeffrey M. Lacker in April 2017. The previous president, J. Alfred Broaddus, retired in 2004. History and Building The Federal Reserve Bank of Richmond has had three locations in Downtown Richmond, Virginia. When it opened in 1914, it was located near the federal courts. From 1919 to 1921, a new building for the Federal Reserve was constructed at 100 North Ninth Street. The Fed offices existed here from 1921 until 1978, when they moved to their current location. The old 1921 Fed building is now used as the Supreme Court of Virginia, which mov ...
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Savannah, Georgia
Savannah ( ) is the oldest city in the U.S. state of Georgia (U.S. state), Georgia and is the county seat of Chatham County, Georgia, Chatham County. Established in 1733 on the Savannah River, the city of Savannah became the Kingdom of Great Britain, British British America, colonial capital of the Province of Georgia and later the first state capital of Georgia. A strategic port city in the American Revolution and during the American Civil War, Savannah is today an industrial center and an important Atlantic seaport. It is Georgia's Georgia (U.S. state)#Major cities, fifth-largest city, with a 2020 United States Census, 2020 U.S. Census population of 147,780. The Savannah metropolitan area, Georgia's List of metropolitan areas in Georgia (U.S. state), third-largest, had a 2020 population of 404,798. Each year, Savannah attracts millions of visitors to its cobblestone streets, parks, and notable historic buildings. These buildings include the birthplace of Juliette Gordon Low (f ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Savannah Tribune
The ''Savannah Tribune'' is a weekly African-American newspaper published in Savannah, Georgia. History The ''Savannah Tribune'' was founded in 1875 and went through two hiatuses (from 1878 to 1886 and from 1960 to 1973). Originally named the ''Colored Tribune'', the paper was established by Louis B. Toomer Sr., Louis M. Pleasant, and Savannah native John H. Deveaux who served as the first editor. The first edition was published in 1875. The name was changed to the ''Savannah Tribune'' in 1876. The newspaper published until 1878, when the all-white printers in the city, refused to produce it. It reopened in 1886. Deveaux served as the paper's owner and editor until 1889. Sol C. Johnson was appointed as the paper's editor and purchased the paper in 1909 upon Deveaux's death. Johnson ran the paper until his death in 1954, when he was succeeded by his goddaughter Willa Johnson.
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Savannah Morning News
The ''Savannah Morning News'' is a daily newspaper in Savannah, Georgia. It is published by Gannett. The motto of the paper is "Light of the Coastal Empire and Lowcountry". The paper serves Savannah, its metropolitan area, and parts of South Carolina. History William Tappan Thompson, author of the ''Major Jones'' series of humorous stories, along with John McKinney Cooper as publisher and owner, founded the paper on January 15, 1850 as the ''Daily Morning News''. At the end of the Civil War in 1865, John Cooper was pardoned by President Andrew Johnson allowing him to retain ownership of the paper. Its name was changed to the ''Daily News and Herald'', though Thompson remained as editor. Thompson left the paper in 1867 to travel in Europe. In 1868, Thompson returned and the paper was renamed again to ''The Savannah Daily Morning News'' for one edition, then changed to the current name the following day. In 1870, Joel Chandler Harris, who later went on to write the Uncle Remus t ...
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FDIC
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the g ...
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Carver Federal Savings Bank
Carver Federal Savings Bank, opened under the leadership of M. Moran Weston in 1948, is the "largest black-owned financial institution" in the United States. Carver Bancorp, Inc. is its holding company. The bank has been designated by the U.S. Treasury Department as a Community Development Financial Institution (CDFI). History The bank applied for a federal charter "after the state had denied it a charter," and opened "in a simple storefront." Carver Federal Savings Bank was not the first bank named after George Washington Carver. Four years earlier an unrelated bank, Carver Savings and Loan Association, opened in Omaha, Nebraska. Neither of these were the first Black-owned American bank. Carver Federal Savings, however, is the largest and oldest continually Black-operated U.S. bank. M. Moran Weston already had earlier experience as the 1945-founder of a credit union, and, for Carver, had a supporting team of 14. Carver Federal Savings Bank served multiple purposes: ...
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George Washington Carver
George Washington Carver ( 1864 – January 5, 1943) was an American agricultural scientist and inventor who promoted alternative crops to cotton and methods to prevent soil depletion. He was one of the most prominent black scientists of the early 20th century. While a professor at Tuskegee Institute, Carver developed techniques to improve types of soils depleted by repeated plantings of cotton. He wanted poor farmers to grow other crops, such as peanuts and sweet potatoes, as a source of their own food and to improve their quality of life. The most popular of his 44 practical bulletins for farmers contained 105 food recipes using peanuts. Although he spent years developing and promoting numerous products made from peanuts, none became commercially successful. Apart from his work to improve the lives of farmers, Carver was also a leader in promoting environmentalism. He received numerous honors for his work, including the Spingarn Medal of the NAACP. In an era of high racial ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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New Markets Tax Credit Program
The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions Fund (CDFI Fund) and allocated by local Community Development Entities (CDEs) across the United States.''US Department of Treasury: Community Development Financial Institutions Fund.''


History

The New Markets Tax Credit Program was established as part of the
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National Bankers Association
The National Bankers Association is a U.S. trade organization representing the nation’s minority- and women-owned financial institutions. The organization hosts conferences and works with both government agencies and the private sector to help strengthen and expand the commercial viability of this sector of the U.S. banking industry. Founded in 1927 as the Negro Bankers Association, it became the National Bankers Association in 1948. It is headquartered in Washington, D.C., and currently represents approximately 100 financial institutions. References External linksNational Bankers Association web site Trade associations based in the United States Banking in the United States {{Bank-stub ...
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