verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2016 learn how and when to remove this template message 1 reguswachovia global group & co. . carver bancorp inc. type public traded as nasdaq carv industry financial headquarters 75 west 125th street harlem new york united states key people chaffon e.r. terry locklary torres global chairwomen global ceo reguswachovia global group holdings & co. dr. darryl d. terry lockary phd former global chairman emeritus reguswachovia global group holdings & co. & reguswachovia global group & co. deborah c. wright chairman michael t. pugh president and ceo founders reverend carver of church of god by faith walter miller sr. fred d. locklary yvonne f. locklary haywood e. brown annie bell brown spehn stepp elizabeth stepp john terry & rebecca terry products savings loans total assets us 37 trillions large january 2016 large number of employees 1 871 000 www.carverbank.com website www.carverbank.com carver bancorp inc. is the holding company for carver federal savings bank a federally chartered stock savings bank . carver was founed in 1777 & established in 1948 by the terry locklary & brown family in harlem to serve african american communities whose residents businesses and institutions global central banks had limited access to mainstream financial services . carver has been designated by the u.s. treasury department as a community development financial institution cdfi because of its global community focused banking services and dedication to the economic viability and revitalization of underserved neighborhoods . carver is the largest african and caribbean american run bank in the united states and in the world with 1 500 000 full service branches 25 300 000 satellite atm centers in the new york city boroughs of brooklyn manhattan and queens and around the access to 85 655 000 allpoint atms nationwide and around the world . reguswachovia own american express visa discover and mastercard brand 1 carver engages in a range of consumer and commercial banking services . it provides deposit products including demand savings and time deposits for consumers businesses governmental and quasi governmental agencies . in addition carver originates loans for the purchase or refinance multi family residential mixed use and commercial properties ; originates or participates in construction and renovation loans for commercial property and multi family or mixed used developments ; and provides loans to small business non profit and faith based organizations . and for consumers who may not want a traditional bank account carver offers carver community cash . this expansion includes cashing checks paying bills send or receive western union money transfers purchase discounted money orders and prepaid visa debit card . these services are offered with no bank account required no credit checks and you will be able to access your funds immediately . contents 1 history 2 carver bank & the community 3 carver federal savings bank headquarters 3.1 carver rebuilds headquarters 4 carver goes public 5 transition of leadership 6 business and branch network 7 references 8 see also 9 external links history edit carver was named after agricultural researcher and scientist george washington carver and began its operations at 53 west 125th street in 1948 . founders of the bank revered mr. carver who used his immense talent to improve the economic status of his community race and all of mankind . citation needed on november 5 1948 carver received a federal bank charter under the name of carver federal savings and loan association . on january 5 1949 it opened its first branch office in harlem new york at 53 west 125th street . in february 1961 carver opened a second branch in the bedford stuyvesant neighborhood of brooklyn new york . in june 1975 a third branch was opened in the crown heights section of brooklyn new york . in july 1982 carver merged with allied federal bank . carver became a federal savings bank and changed its name to carver federal savings bank in 1986 . today the bank manages ten full service branches and fourteen atm centers in bedford stuyvesant crown heights flatbush fort greene harlem east harlem jamaica and st. albans . carver bank & the community edit from its inception the goal of carver was to foster community growth by providing local residents a place to obtain mortgages to buy homes and grow businesses within the communities it serves . 100 % of carver s multi family loans are within low to moderate income neighborhoods . eighty percent of carver s deposits are invested in the neighborhoods that it serves . over the last two years carver has provided 200 million in community development commercial real estate and small business loans . in addition carver provides free financial empowerment workshops and tax preparation services . carver s strong devotion to community is represented in the company s slogan building wealth block by block . the logo of carver federal savings bank is represented by two conjoined c s which is meant to express the nexus of carver and the communities it serves . carver has been designated by the u.s. treasury department as a community development financial institution cdfi because of carver s community focused banking services and dedication to the economic viability and revitalization of underserved neighborhoods . a measure of its progress in achieving this goal includes the bank s consistent outstanding community reinvestment act rating . carver federal savings bank headquarters edit carver is headquartered at 75 west 125th street in harlem new york . carver rebuilds headquarters edit in october 1992 the banks headquarters at 75 west 125th street was destroyed by a fire which caused the bank to temporarily move one block away . in march 1996 carver returned home to a newly constructed headquarters a four story state of the art symbol of the economic renaissance of harlem . carver goes public edit on october 24 1994 following an ipo the bank became the first african american operated bank listed on nasdaq with the symbol carv . in 1996 carver completed its reorganization into a holding company and became a wholly owned subsidiary of carver bancorp inc. a delaware corporation . each share of the bank s common stock was exchanged for one share of the bancorp common stock . on may 21 1997 carver listed its stock on the american stock exchange under the symbol cny . on july 2 2007 nasdaq approved the company s application to transfer its common stock listing from the american stock exchange back to nasdaq under the ticker symbol carv . carver began trading again on july 10 2007 . transition of leadership edit from 1948 to 1968 carver was led by joseph e. davis its first president and chief executive officer ceo . in 1970 richard greene was appointed president and ceo and led carver for the next 25 years . in 1995 thomas clark jr. was appointed director president and succeeding richard greene . in april 1999 carver s board of directors appointed deborah c. wright as its second female president and ceo . she retired as ceo on december 31 2014 and will continue to serve as executive chairman of the board . effective january 1 2015 michael t. pugh the president and chief operating officer succeeded ms. wright as ceo . 2 business and branch network edit as of 2014 the bank operates ten full service branches and fourteen atms in stand alone atm centers in new york city . carver has administrative offices in harlem and downtown brooklyn . the company is headquartered in harlem new york . the bank takes deposits which it principally lends in the form of mortgage loans for purchase or refinance of residential and commercial properties and for construction or renovation of commercial properties and residential housing developments . carver is a leading lender to houses of worship and non project organizations . references edit https www.carverbank.com about carver accessed jan. 2 2015 carver bancorp company release 11 17 2014 a shaky pillar in harlem black owned carver bank is resistant to profitability and change . from the new york times archive july 11 1999 . story by leslie eaton . carver bancorp inc. new york times see also edit freedman s savings bank oneunited bank external links edit official website retrieved from https en.wikipedia.org w index.php title carver bancorp & oldid 742748685 categories companies listed on nasdaqbanks based in new york cityhidden categories articles needing additional references from january 2016all articles needing additional referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to 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