Carver State Bank
Carver State Bank has been a vital part of the Savannah, GA community since it was founded as the Georgia Savings and Realty Corporation in 1927. The mission of Carver State Bank is to maintain a sound, profitable, growing institution by providing high-quality products and services for the Bank's customers, especially those in it's targeted communities.
The Federal Deposit Insurance Corporation (FDIC) today announced seven new members of the agency's Advisory Committee on Community Banking:
- Troy Campbell, President & CEO, Altoona First Savings Bank, Altoona, Pennsylvania
- Robert James II, Executive Vice President, Carver State Bank, Savannah, Georgia
- Trey Maust, Executive Chairman, Lewis & Clark Bank, Oregon City, Oregon
- Dominik Mjartan, President & CEO, Optus Bank, Columbia, South Carolina
- Arlen Osterbuhr, Chairman & CEO, Minden Exchange Bank and Trust Company, Minden, Nebraska
- Shane Pilarski, President & CEO, Alliance Bank, Francesville, Indiana
- Kim Reigelsberger, President, Preferred Bank, Rothville, Missouri
Composed of a cross-section of community bankers from around the country, the FDIC's Advisory Committee shares input on a broad range of community bank policy and regulatory matters. On May 3, 2022, the Advisory Committee will meet to discuss local banking conditions. FDIC senior staff will also provide updates on supervision and policy matters and the FDIC's Small Business Lending Survey.
Savannah's Carver State Bank celebrated a huge milestone this weekend - its 95th anniversary! To mark the special occasion, they showed a documentary called Financial Freedom for All: Robert James and Carver State Bank. The film honors and recognizes the bank's President and CEO, Robert James, who began his career at the bank in 1971. 50 years later, he is the longest tenured Black bank president in the country. "We are proud of the fact that we have survived through all of the difficulties that financial institutions have had over the years. All the changes and the technologies and markets but Carver has managed to survive. And I think that we survived because we've had consistency of leadership and consistency of purpose," James said.
Six Black banks — including four of the nation's largest — have joined a new digital platform by Citi. The action could help the banks increase lending to African American entrepreneurs. According to a news release, the banks are part of a consortium linking with Bridge built by Citi, a bank-led, digital meeting place that connects businesses seeking loans up to $10 million. The "first-of-its-kind platform is aimed to expand access to capital and financial services to Black small business owners. The platform launched by Citi matches local and regional banks with local small businesses needing funding for improvements and expansion amid the post-COVID-19 pandemic. The initiative will initially consist of 18 banks that Citi will send business leads to. Banks on the program include Mechanics & Farmers Bank in Durham, North Carolina; Optus Bank in Columbia, South Carolina; and Carver State Bank in Savannah, Georgia