Carver Federal Savings Bank, often referred to as Carver Bank, is one of the oldest and largest African American-operated financial institutions in the United States. Founded in 1948 in Harlem, New York, its mission is to provide comprehensive financial services to underserved communities, promote economic development, and empower individuals and businesses. As a designated Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI), Carver Bank plays a vital role in fostering financial inclusion and offering products like personal and business banking, loans, and mortgages with a strong community focus.
Serves as the central administrative and operational hub, housing executive leadership, strategic planning, financial management, regulatory compliance, and support services for all bank branches and operations.
Located on the iconic 125th Street in Harlem, the headquarters building is a symbol of Black economic empowerment and a landmark in the community it serves. Its presence underscores the bank's commitment to its founding principles.
The work culture at Carver Bank's headquarters is deeply rooted in its community mission. It fosters collaboration, customer-centric service, and a commitment to financial literacy and empowerment for its diverse clientele. Employees often share a passion for community development.
The headquarters is significant not just as a corporate office but as the heart of an institution with a rich legacy of serving African-American and underserved communities, historically breaking down barriers to financial access.
Carver Federal Savings Bank's operations are primarily focused on serving communities within New York City, including Harlem, Brooklyn, and Queens. As a community development financial institution, its mission is deeply local and it does not maintain international branches or a physical global presence. Its services are designed to support and uplift the specific neighborhoods it operates in, though online banking platforms may offer accessibility to customers beyond these immediate geographic areas.
75 West 125th Street
New York
NY
USA
Address: 142 Malcolm X Blvd, New York, NY 10026
To serve the banking needs of the Central Harlem neighborhood, fostering local economic growth and financial stability.
Address: 740 Myrtle Avenue, Brooklyn, NY 11205
To provide essential financial services and support economic development within the Bedford-Stuyvesant area of Brooklyn.
Address: 175-46 Jamaica Avenue, Jamaica, NY 11432
To enhance financial access and opportunity for residents and businesses in the Jamaica, Queens commercial corridor.
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As of April 2025, Carver Federal Savings Bank' leadership includes:
Carver Federal Savings Bank has been backed by several prominent investors over the years, including:
Based on publicly available information and news searches covering the last 12 months (approximately May 2023 - May 2024), there have been no major widely reported C-suite executive hires or departures at Carver Bancorp, Inc. The leadership team has maintained stability.
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Carver Federal Savings Bank likely utilizes common corporate email address formats for its employees. These formats often combine parts of an employee's name with the company's domain.
[first_initial][last_name]@carverbank.com
Format
mpugh@carverbank.com
Example
80%
Success rate
GlobeNewswire • February 2, 2024
Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, announced its financial results for the third quarter of fiscal year 2024, ended December 31, 2023. The report detailed net income, loan portfolio growth, and deposit trends....more
American Banker • October 10, 2023
Carver Bancorp Inc. announced a $15 million equity investment from an unnamed institutional investor. The capital is intended to strengthen its balance sheet and support lending activities in underserved communities....more
Carver Bank Press Release • July 19, 2023
Carver Bank highlighted its participation in the Emergency Capital Investment Program (ECIP), receiving funds to increase lending to small and minority-owned businesses and low- and moderate-income consumers in its communities....more
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