NEW
YORK, March 22, 2022 /PRNewswire/ -- Carver
Federal Savings Bank ("Carver"), a certified Minority Depository
Institution ("MDI"), announced today that its President and CEO,
Michael T. Pugh, appears on the
cover of the March 2022 edition of
The CEO Magazine. In the article for the global business and
C-suite executive media brand, Pugh discusses the vital role that
Diversity, Equity and Inclusion (DEI) plays in the financial
services industry and more. The article educates, inspires, and
encourages corporations, foundations, and individuals to support
the DEI movement in their local community bank and across Corporate
America today.
In the article, Pugh states:
- "We know that talent is not one of those things that's
selective. Everyone has certain talents. The difference is
opportunity and whether things are made available for us."
- "I think what we're reminding others about through the Buy
Black initiative is that there are many small businesses out there
– talented people that happen to be folks of color – and through
supporting their businesses, it ultimately helps our nation as a
whole to do much better."
The article notes that Carver's commitment to DEI is inclusive
of women-led firms: "One of the bank's founding members was a
woman, which was groundbreaking in 1948, and women continue to be
well-represented among its staff and in leadership positions."
- "It's woven into the fabric of who we are and what we do as an
institution," says Pugh. "I have the distinct privilege and
opportunity to carry on the tradition. The reason this matters so
much to me to see women play a critical role in leadership, in
entrepreneurship, is because I had fantastic examples of this
growing up."
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,"
may be found by clicking here.
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
communities 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, D.C. 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
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SOURCE Carver Federal Savings Bank