Total Assets (Sept. 2020): $672.65 million
Total Revenue (Sept. 2020): $9.86 million
Earnings per Share (Sept. 2020): $(0.43)
Year Founded: 1948
Headquarters: New York, N.Y.
Carver Bancorp (CARV) is the holding company for Carver Federal Savings Bank, a federally chartered savings bank. Founded by a group of community leaders and small business owners in 1948, Carver offers consumer and business banking products and services to traditionally underserved African-American communities.49 The first branch was opened in Harlem in 1949; more than 70 years later, that number has expanded to eight branches and several 24/7 ATM Centers, most of which are in low- to moderate-income neighborhoods. The U.S. Treasury Department has designated the bank as a Community Development Financial Institution (CDFI), due to its dedication to serving those who would otherwise be locked out of the financial system.50