Largest Black-Owned Bank Announces $65 Million New Market Tax Credit Allocation

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Sunday, 31 May 2009 08:02
NEW YORK (blackchipstocks.com) — Carver Bancorp, Inc. (Nasdaq:CARV), the holding company for the largest Black-Owned bank in the U.S. Carver Federal Savings Bank , announced today that Carver Community Development Corporation ("Carver CDC"), a wholly owned subsidiary of Carver, was awarded $65 Million in New Market Tax Credit ("NMTC") funds.

The NMTC program is administered by the Community Development Financial Institutions Fund, a division of the Treasury Department. 

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