NOW: Deborah C. Wright – President and CEO of Carver Bancorp Inc., Holding Company of Largest Black-Owned Institution
- Named one of Black Enterprise’s “75 Most Powerful Women in Business,” Wright serves as head of Carver Bancorp Inc., the holding company for Carver Federal Savings Bank, the largest Black-owned banking institution in the U.S. Wright has served as president and CEO of the bank since 1999 and the board of directors elected her chairman in February 2005.
- Inspired by African American scientist and agricultural researcher, George Washington Carver, a group of Black Harlem residents pooled their resources in 1948 to found the bank. Though Harlem was a hub of Black business and homeownership in the 1940’s, access to capital was a major challenge the bank sought to alleviate. The financial institution was started with assets of $250,000 that included $14,000 in cash and the rest in pledges from community residents. By 2006, Carver’s assets had grown to $765 million.