Carver State Bank in Savannah, Ga., didn’t have to look to far to find its next leader.
Robert James Sr. is set to retire from the $79.5 million-asset bank. His son, Robert James II, will take over the bank’s day-to-day operations, according to Georgia Public Broadcasting News.
“My son has become extremely involved in the bank,” the elder James told the website. “He was a part of our succession plan for many years so he’s taking a more prominent role.”
The elder James has been Carver State’s president since 1971. His son is the bank’s director of strategic initiatives and president of Carver Development CDE.
Carver State is one of just 16 Black-owned banks in the United States.