Carver State Bank| Formerly | - Georgia Savings and Realty Corp (1927–1947)
- Carver Savings Bank (1947–1962)
- Carver State Bank (1962)
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| Industry | Financial services |
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| Founded | 23 February 1927; 97 years ago (1927-02-23)
(Georgia Savings and Realty Corp) |
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| Founder | Louis B. Toomer |
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| Headquarters | Savannah, |
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| Products | Banking |
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Black-operated bank in Georgia, US
Carver State Bank is a Black-operated 1927-founded bank that operates in Georgia.[1]
History
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
External links
