NEW
YORK, Aug. 14, 2023 /PRNewswire/ --
Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding
company for Carver Federal Savings Bank (the "Bank") announced
today that its board of directors unanimously appointed
Craig C. MacKay as interim President
& CEO, effective October 1, 2023.
His appointment will facilitate a smooth leadership transition
until a permanent President & CEO is named after a national
search is conducted. Carver previously announced that its current
President & CEO, Michael T.
Pugh, will depart on September 30,
2023, to become the CEO of the Local Initiatives Support
Coalition ("LISC"), a national nonprofit organization.
Craig is a seasoned and accomplished
executive in the financial services industry -- Lewis P. Jones III
A national search is underway to find a permanent President
& CEO to lead Carver in its ongoing mission to provide banking
services and business capital to diverse urban
communities throughout Greater New
York City.
Lewis P. Jones III, Chairman
of the Board, commented, "Craig is a seasoned and
accomplished executive in the financial services industry. Combined
with his Carver board service, he is well suited to lead the
company as interim President & CEO. Craig has the full support
of the Carver Board."
Mr. MacKay has been an independent director of Carver since
February 2017. He is currently Senior
Advisor at England & Company.
He also serves as an Independent Director of Equitable Holdings and
an Independent Trustee of Pioneer Funds. Earlier in his career, Mr.
MacKay headed the Private Finance Group at Oppenheimer &
Company. Before his tenure at Oppenheimer, he was head of Private
Finance at SunTrust Robinson Humphrey. Mr. MacKay earned both a
B.S. in Economics and an MBA from the Wharton School of Business at
the University of Pennsylvania.
Craig C.
MacKay stated, "I'm honored to be named interim
President & CEO of this historic institution, which has served
the banking needs of traditionally underserved communities
throughout Greater New York City
for 75 years. I've worked closely with senior leadership and
members of the Carver family and admire their collective commitment
to leveling the playing field by providing comprehensive financial
advice, access to capital, and wealth enhancing opportunities. I
look forward to continuing our growth in services and deepening our
retail and commercial banking relationships."
Mr. MacKay will work closely with Mr. Pugh and the senior
leadership team over the coming weeks to ensure a smooth leadership
transition.
About Carver Bancorp, Inc.
Carver Bancorp, Inc.
(NASDAQ: CARV) is the holding company for Carver Federal Savings
Bank, a federally chartered stock savings bank. Headquartered in
Harlem, NY, Carver was founded in 1948 to serve African-American
and Caribbean-American communities in New
York whose residents, businesses, and institutions had
limited access to mainstream financial services. The U.S. Treasury
Department has designated Carver as a Community Development
Financial Institution ("CDFI") because of its community-focused
banking services and dedication to its local community's economic
viability and revitalization. Carver is one of the largest African-
and Caribbean-American managed banks in the United States. The Bank recently expanded
its online presence to include consumer checking and savings
accounts across nine states, from Massachusetts to Virginia, and Washington, DC. For further information,
please visit the Company's website at www.carverbank.com. Be
sure to connect with Carver on Facebook, LinkedIn, and
Twitter.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act. These statements are based on management's current
expectations and are subject to uncertainty and changes in
circumstances. Actual results may differ materially from those
included in these statements due to a variety of factors, risks,
and uncertainties. More information about these factors, risks, and
uncertainties is contained in our filings with the Securities and
Exchange Commission.
Media:
Michael Herley
for Carver
203.308.1409
mediainquiries@carverbank.com
Investors:
ir@carverbank.com
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SOURCE Carver Bancorp, Inc.