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Carver Bancorp Inc.
Founded on November 5, 1948, and named for agricultural researcher and scientist George Washington Carver, Carver Federal Savings Bank formally began operations on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities on January 5, 1949. In February 1961, Carver opened its first branch in the Bedford-Stuyvesant section of Brooklyn and continued expanding its operations in Manhattan, Brooklyn and Queens into the 1990s. On September 28, 2006 Carver successfully acquired Brooklyn-based Community Capital Bank to complement its savings and real estate lending with small business and non-profit lending across a 10-branch network. On October 24, 1994, Carver Bancorp, Inc. became a publicly traded company and on July 10, 2007 was listed on the NASDAQ stock exchange (CARV). Carver Bancorp, Inc. is the holding company of Carver Federal Savings Bank. Today, Carver is the largest African- and Caribbean-American operated bank in the United States and channels its capital resources into underserved neighborhoods by reinvesting over 80% of its deposits into the communities we call home. The Bank remains rooted in expanding wealth enhancing opportunities in the communities it serves, by expanding access to capital and financial advice, to consumers, businesses and non-profit organizations, including faith-based institutions. Carver remains headquartered in Harlem, and predominantly all of its 9 branches and stand-alone 24/7 ATM Centers are located in low-to-moderate income neighborhoods. Many of these historically underserved communities are now experiencing unprecedented growth and diversification of incomes, ethnicity and economic opportunity, after decades of public and private investment. A measure of its progress in achieving this goal includes the Bank's "Outstanding" Community Reinvestment Act rating, awarded by the Office of Thrift Supervision following its most recent Community Reinvestment Act examination in February 2009. The examination report noted that Carver's loan originations were within low- to moderate-income geographies, which far exceeded peer institutions. Carver has been designated by the U.S. Treasury Department as a Community Development Financial Institutions (CDFI) because of our community focused banking services and our dedication to the economic viability and revitalization of underserved neighborhoods. Carver continues to invest in developing and executing a community bank that meets the needs of today's customer.
|Address||Carver Federal Savings Bank 75 West 125th Street New York, NY 10027|
|Holding||No Holding Details|
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