Carver State Bank

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]

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