NEW YORK, Dec. 16, 2016 /PRNewswire/ -- Carver
Bancorp, Inc. (the "Company") (NASDAQ: CARV), the holding company
for Carver Federal Savings Bank ("Carver" or the "Bank"), today
announced that Deborah C. Wright
will retire from the Board of Directors of Carver Bancorp, Inc. and
Carver Federal Savings Bank, effective January 1, 2017. Ms. Wright is the current
non-executive Chairman of the Board and has served as a director
since 1999.
Ms. Wright will be succeeded as non-executive Chairman by
Robert R. Tarter, who is currently
Chairman of the Finance and Audit Committee and has served as a
director since 2006.
"Bob's professional insights and deep experience in banking have
brought considerable value to our Board, and I believe his
leadership will be a great asset for Carver in the years ahead,"
said Carver's President and CEO Michael T.
Pugh.
"Carver's Board and management team are grateful to Debbie for
her many years of exceptional service to Carver as CEO and as
Chairman, and her numerous contributions to the communities served
by Carver," said Mr. Tarter.
Mr. Pugh concluded, "Debbie's presence will continue to be
strongly felt at our organization and in our neighborhoods for many
years to come. She is an exceptional person, and we wish her
all the best."
Robert R. Tarter Bio
Mr. Tarter is a retired
Executive Vice President and former head of North America Master
Trust and Public Funds, the group managing the custody and
recordkeeping business for institutional investor clients at State
Street Corporation. He also managed the Relationship Management
Group, the organization managing the firm's largest customer
relationships worldwide. Mr. Tarter joined State Street in 1994 as
Senior Vice President and Director of Sales and Marketing for the
Master Trust and Public Funds business. Prior to joining State
Street, Mr. Tarter was with Bankers Trust for over 20 years and
during his time with Bankers Trust, he held a number of senior
positions, both in the U.S. and in overseas locations. He has
managed teams responsible for institutional sales and client
service of investment and commercial banking products in the U.S.,
Latin America, the Far East,
Europe, the Middle East and Africa. In addition, Mr. Tarter has been a
member of several boards, including The Partnership, Inc.,
CitiStreet, LLC, The Immokalee Foundation, The Shelter for Abused
Women and Children and is a past member of the Executive Leadership
Council. Mr. Tarter is a 1970 graduate of the Wharton School at the
University of Pennsylvania.
About Carver Bancorp, Inc.
Carver Bancorp, Inc. is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank.
Carver was founded in 1948 to serve African-American communities
whose residents, businesses, and institutions had limited access to
mainstream financial services. In light of its mission to
promote economic development and revitalize underserved
communities, Carver has been designated by the U.S. Department of
the Treasury as a community development financial
institution. Carver is the largest African- and
Caribbean-American managed bank in the
United States, with nine full-service branches in the
New York City boroughs of
Brooklyn, Manhattan, and Queens. For further
information, please visit the Company's website at
www.carverbank.com.
Please be sure to connect with us on Facebook, LinkedIn and
YouTube!
Facebook: https://www.facebook.com/CarverFederalSavingsBank/
LinkedIn: http://bit.ly/1M9Ld17
YouTube: http://bit.ly/1XwbgjI
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 Contacts:
Michael
Herley/Ruth Pachman
Kekst
(212) 521-4897/4891
michael.herley@kekst.com
ruth.pachman@kekst.com
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SOURCE Carver Bancorp, Inc.