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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.
Carver Federal Savings, however, is the largest and oldest continually Black-operated U.S. bank. Founding Officers, Carver Federal Savings & Loan Association, New York City, 1948. M. Moran Weston already had earlier experience as the 1945-founder of a credit union , and, for Carver, had a supporting team of 14.
At the time, it was the only African-American-owned bank in the North and the first African-American trust company. He also founded the Negro Bankers Association, the first African-American banking association. [5] Under his leadership, the bank withstood the Great Depression. When it was sold in 1957, more than a decade after Wright's death ...
It is the second-oldest minority-owned bank in the United States, having opened in 1907. According to the bank’s website, it has maintained an “Outstanding” Community Reinvestment Act (CRA ...
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OneUnited is the largest Black-owned bank in America and holds the distinction of being the country’s first Black-owned online bank. It’s also an old and important activist organization with a ...
The first such newspaper in Georgia was The Colored American, founded in Augusta in 1865. [1] However, most were founded in Atlanta. While most such newspapers in Georgia have been very short-lived, a few, such as the Savannah Tribune, Atlanta Daily World, and Atlanta Inquirer, have had extensive influence over many decades. [2]: 119
Savannah State University (2 C, 7 P) Pages in category "African-American history in Savannah, Georgia" The following 19 pages are in this category, out of 19 total.