CARV
- Carver Bancorp, Inc.
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Overview
Company Summary
Carver Bancorp, Inc., or simply Carver, is a financial holding company primarily engaged in providing banking services. It operates through its subsidiary, Carver Federal Savings Bank. Carver is dedicated to providing financial services and promoting economic development in predominantly African-American communities.
Carver Federal Savings Bank, established in 1948, is one of the largest African-American-operated banks in the United States. It serves individuals, small businesses, and non-profit organizations with a focus on lending to low-to-moderate-income communities, particularly in New York City.
The services offered by Carver include traditional banking products such as checking and savings accounts, loans, mortgages, and credit cards. They also offer online and mobile banking, providing customers with convenient access to their accounts and transactions.
Carver aims to support individuals and businesses in building and maintaining financial stability. Their lending practices reflect a commitment to affordable housing, community development, and small business growth. They offer mortgages with flexible terms designed to assist individuals in purchasing or refinancing homes in communities they serve.
Furthermore, Carver supports local businesses by offering loans and lines of credit to entrepreneurs. They understand the unique challenges faced by small businesses and work towards providing them with the necessary financial resources to grow and thrive.
In addition to their involvement in the financial sector, Carver Bancorp, Inc. actively participates in community initiatives and partnerships that promote economic empowerment. They collaborate with organizations and individuals seeking to address the social and economic disparities that exist in underserved communities.
Overall, Carver Bancorp, Inc. through its subsidiary Carver Federal Savings Bank, provides a range of banking services to support individuals, businesses, and communities, with a particular emphasis on serving African-American and low-to-moderate-income populations.