NEW YORK, May 2, 2019 /PRNewswire/ -- Carver Bancorp, Inc.
(the "Company") (Nasdaq: CARV), the holding company for Carver
Federal Savings Bank ("Carver" or the "Bank"), announced today the
appointment of Jim Montes as
President of Carver Community Development Corporation ("CCDC"). In
his capacity as President of CCDC, Mr. Montes is responsible for
fulfilling the Bank's mission to bring economic and community
development to the diverse markets it serves. Since 2006, CCDC has
allocated approximately $150 million
in New Markets Tax Credits through its participation in more than a
dozen projects in low-income communities in the Greater New York City region.
"Jim is a highly skilled legal and business professional who
comes to Carver with a strong background in the financial services
industry," said Michael T. Pugh,
President and CEO of Carver Bancorp. "His experience as an attorney
and banking professional makes him highly qualified to support
Carver's commitment to community development while maintaining
strong regulatory and corporate governance controls. We
welcome him to our organization and look forward to his future
contributions."
Before joining the Bank, Mr. Montes spent four years as
Assistant Dean and Adjunct Professor of Law at Touro Law
School. Prior to that, he was a partner with the global law
firm of Nixon Peabody LLP where he practiced public and project
finance. Mr. Montes has approximately 20-years of retail banking
and commercial lending experience, including his previous role as a
Commercial Banking Team Leader for Banco Popular, N.A.
"I am excited and honored to assist Carver in its long-standing
commitment to serving low- to moderate-income communities
throughout the New York City
metropolitan area," said Jim
Montes. "I look forward to working with the CCDC board
and community leaders to help spur economic and community
development in the neighborhoods in which Carver operates."
Mr. Montes is a graduate of Fordham
University School of Law and received a BS in Finance from
New York University. He is admitted to practice law in
New York State. He is a member of
the New York State Bar
Association, the Association of Corporate Counsel and the Society
of Corporate Secretaries & Governance
Professionals. Throughout his career Mr. Montes has served as
a member of various boards and committees, including NYC Bar
Association – Committee on Recruitment and Retention of Lawyers,
Long Island Hispanic Bar Association (Board Member), YMCA of
Long Island (Board Member), SUNY
Stony Brook President's Advisory Committee, and United Way of LI
Allocations and Admissions Panel.
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.
Carver has been designated by the U.S. Treasury Department as 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 the
largest African- and Caribbean-American managed bank in
the United States, with eight
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 social media:
Facebook:
https://www.facebook.com/CarverBankNYC
Instagram:
https://www.instagram.com/carverbanknyc/
LinkedIn:
http://bit.ly/1M9Ld17
Twitter:
https://twitter.com/carverbanknyc
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.
Contacts:
Michael
Herley/Emilee Hanson
Kekst CNC
(212) 521-4897/4805
michael.herley@kekstcnc.com
emilee.hanson@kekstcnc.com
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SOURCE Carver Bancorp, Inc.