Savings bank

Michael Pugh and Carver Federal Savings Bank cover the March 2022 issue of CEO Magazine

In the article, Pugh states:

  • “We know that talent is not one of those things that is selective. Everyone has certain talents. The difference is the opportunity and if things are made available to us.”
  • “I think what we’re reminding others through the Buy Black initiative is that there are a lot of small businesses out there — talented people who happen to be people of color — and by supporting their businesses it helps. ultimately our nation as a whole to do much better.”

The article notes that Carver’s commitment to DEI includes women-led businesses: “One of the founding members of the bank was a woman, which was groundbreaking in 1948, and women continue to be well represented among its staff and in management positions.”

  • “It’s woven into the fabric of who we are and what we do as an institution,” Pugh says. “I have the privilege and the opportunity to carry on the tradition. The reason why it is so important for me to see women playing a vital role in leadership, in entrepreneurship, is because I have had some fantastic examples of that growth.”

The full text of the article, “The Time is Now: Carver Federal Savings Bank CEO Michael T. Pugh on the power of inclusivity, diversity and a commitment to community,” can be found by clicking here.

About Carver Bancorp, Inc.
Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company of Carver Federal Savings Bank, a federally chartered savings bank. Based in Harlem, NY, Carver was founded in 1948 to serve African American communities whose residents, businesses and institutions had limited access to traditional financial services. The U.S. Treasury Department has designated Carver a Community Development Financial Institution (“CDFI”) because of its community-focused banking services and dedication to the economic viability and revitalization of its local community. Carver is one of the largest African-American and Caribbean-run banks United States. The Bank recently expanded its online presence to include checking and savings accounts in nine states, from Massachusetts for Virginiaand washington d.c. For more information, please visit the Company’s website at www.carverbank.com. Be sure to connect with Carver on Facebook, LinkedIn and Twitter.

Certain statements contained 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 various factors, risks and uncertainties. More information about these factors, risks and uncertainties can be found in our filings with the Securities and Exchange Commission.

Media:
Michael Herley for sculptor
203.308.1409
[email protected]

SOURCE Carver Federal Savings Bank



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