Carver Federal Savings Bank | 4,326 followers on LinkedIn. Founded in 1948 to provide banking to underserved communities. One of the largest African-American banks in U.S. | Founded in 1948, and named for agricultural researcher and scientist George Washington Carver, Carver Federal Savings Bank formally began operations on January 5, 1949 on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities. In February 1961, Carver opened its first branch in the Bedford-Stuyvesant section of Brooklyn and continued expanding its operations in Manhattan, Brooklyn and Queens into the 1990s. In 1994, Carver Bancorp, Inc. became a publicly traded company and in 2007 was listed on the NASDAQ stock exchange (CARV).