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

History

The multi-branch banks's headquarters are in

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

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 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