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Carver State Bank Review: Black-Owned, High CD Rates


Carver State Bank vs. OneUnited Bank
If you live in Savannah and prefer an in-person bank, Carver State Bank is the clear choice. It also pays higher CD rates.
But you may prefer OneUnited Bank if you re comfortable banking online, and if you frequently use ATMs. It has 30,000 free ATMs around the US, which is especially convenient if you travel. OneUnited also has early direct deposit, so you could receive paychecks up to two days early.
Carver State Bank vs. Liberty Bank and Trust
You may like Liberty Bank and Trust if you want to bank digitally, but Carver State Bank if you want a brick-and-mortar bank. ....

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Wells Fargo Investing $50 Million In Black-Owned Banks


Wells Fargo Investing $50 Million In Black-Owned Banks
Black Banking [BE file]
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Wells Fargo, which has a vested interest in Black banking institutions, announced it will be investing $50 million into Black-owned Minority Depository Institutions (MDIs).
The following Black-owned banks will receive help from Well Fargo, Carver State Bank in Savannah, Georgia, Citizens Trust Bank in Atlanta, Georgia, First Independence Bank in Detroit, Michigan, Liberty Bank in New Orleans, Louisiana, and Unity National Bank in Houston, Texas, according to the company statement.
“The country’s MDIs are vital to minority communities, but over the last two decades, many have declined or have closed,” Vice-chairman of Public Affairs William Daley said. “The capital investment we are announcing is important, but it’s our relationship approach that will make the difference in their futures. We want to be a partner to these important institutions and, in turn, hav ....

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Wells Fargo Invests in 5 Additional Black-Owned Banks


ByEdith Rocío Robles
Wells Fargo has invested in 11 Minority Depository Institutions in 2021 as part of a $50 million pledge and a commitment to foster economic growth in Black and African American communities
     On Tuesday, Wells Fargo & Company (NYSE: WFC) announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of its March 2020, pledge to invest up to $50 million in Black-owned banks. 
     As part of the equity capital investment, Wells Fargo is also offering access to a dedicated relationship team that can work with each MDI on financial, technological, and product development strategies to help each institution strengthen and grow. ....

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