Deborah Wright

Carver Bancorp Inc. Receives Investment from JPMorgan Chase To Support Economic Empowerment in Communities of Color

Tuesday, February 23, 2021 - 6:30pm

Carver will also explore new initiatives that create economic empowerment in communities of color.

Key Points: 
  • Carver will also explore new initiatives that create economic empowerment in communities of color.
  • JPMorgan Chase recently announced a series of new initiatives to further its support of MDIs and diverse-led Community Development Financial Institutions (CDFIs).
  • "JPMorgan Chase is investing in Carver as both companies share the goal of advancing racial equality and economic empowerment in communities of color and reducing the racial wealth divide."
  • Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

Society For Financial Education & Professional Development And Carver Bank Partner To Reduce Financial Literacy Gap For Students At Historically Black Colleges And Universities

Monday, February 8, 2021 - 3:30pm

NEW YORK, Feb. 8, 2021 /PRNewswire/ --To address a financial literacy knowledge gap in communities of color, The Society for Financial Education and Professional Development, Inc. ("SFE&PD") and Carver Federal Savings Bank ("Carver") today announced a partnership to teach personal financial skills to students at three historically Black colleges and universities ("HBCUs").

Key Points: 
  • NEW YORK, Feb. 8, 2021 /PRNewswire/ --To address a financial literacy knowledge gap in communities of color, The Society for Financial Education and Professional Development, Inc. ("SFE&PD") and Carver Federal Savings Bank ("Carver") today announced a partnership to teach personal financial skills to students at three historically Black colleges and universities ("HBCUs").
  • One of SFE&PD's goals is to increase African Americans' financial and investment knowledge to close America's wealth gap.
  • The SFE&PD training sessions teach essential personal financial skills, focusing on saving, investing, banking, budgeting, credit and student loan management, and financial goal-setting.
  • Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

Carver Federal Savings Bank and John Hope Bryant Announce a New Sizeable Long-term Deposit in the Bank to Support Economic Empowerment in Communities of Color

Friday, February 5, 2021 - 4:30pm

NEW YORK, Feb. 5, 2021 /PRNewswire/ --Carver Federal Savings Bank ("Carver" or the "Bank"), a certified Minority Depository Institution ("MDI"), and John Hope Bryant, an American entrepreneur and philanthropist, announced today that Operation HOPE, Inc .

Key Points: 
  • NEW YORK, Feb. 5, 2021 /PRNewswire/ --Carver Federal Savings Bank ("Carver" or the "Bank"), a certified Minority Depository Institution ("MDI"), and John Hope Bryant, an American entrepreneur and philanthropist, announced today that Operation HOPE, Inc .
  • and The Promise Homes Company are collectively making a sizeable long-term deposit in Carver to support economic empowerment in communities of color.
  • John Hope Bryant, the Founder and CEO of both Operation HOPE, Inc. and The Promise Homes Company, is passionate about providing minority communities with the tools to build wealth - financial literacy, financial inclusion, and economic empowerment.
  • Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

Carver Federal Savings Bank Expands Presence Offering Online Consumer Accounts Across Several Key Markets In Northeast

Wednesday, December 2, 2020 - 6:00pm

NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Carver Federal Savings Bank ("Carver" or the "Bank"), a federally chartered stock savings bank and a certified Minority Depository Institution ("MDI"), announced today that the Bank recently expanded its online presence to include consumer checking and savings accounts across several key markets in the Northeast.

Key Points: 
  • NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Carver Federal Savings Bank ("Carver" or the "Bank"), a federally chartered stock savings bank and a certified Minority Depository Institution ("MDI"), announced today that the Bank recently expanded its online presence to include consumer checking and savings accounts across several key markets in the Northeast.
  • "Consumers and businesses today are increasingly interested in putting their bank deposit dollars to work at institutions that reinvest in their communities," said Michael T. Pugh, President and CEO of Carver.
  • "Since launching our online consumer accounts in these Northeast markets, the response has been positive with approximately $5 million in new bank deposit received and approximately 1,000 new accounts.
  • Carver Bancorp, Inc. (Nasdaq: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

Carver Bancorp Appoints Jim Montes As President Of Carver Community Development Corporation

Thursday, May 2, 2019 - 9:15pm

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").

Key Points: 
  • 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.
  • "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.
  • Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

Carver Bancorp, Inc. Mourns the Loss of Board Member Robert W. Mooney

Wednesday, January 9, 2019 - 9:15pm

Mr. Mooney joined the Company's Board of Directors in January of 2018, and served on the Compliance and Finance & Audit Committees.

Key Points: 
  • Mr. Mooney joined the Company's Board of Directors in January of 2018, and served on the Compliance and Finance & Audit Committees.
  • He previously served as National Director for Minority and Community Development Banking at the FDIC until his retirement in 2015.
  • 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 Federal Savings Bank Celebrates The Grand Re-Opening Of Its Crown Heights Branch With A $20,000 Donation To Brooklyn Children's Museum

Thursday, April 26, 2018 - 5:30pm

The day's events included a ribbon-cutting ceremony at the Crown Heights branch with customers, local residents, elected officials and community partners.

Key Points: 
  • The day's events included a ribbon-cutting ceremony at the Crown Heights branch with customers, local residents, elected officials and community partners.
  • "On behalf of the entire staff and Board of Trustees at Brooklyn Children's Museum, I want to thank Carver Federal Savings Bank for its generous donation of $20,000, which will support arts and science education for families in Brooklyn and beyond," remarked Stephanie Wilchfort, Brooklyn Children's Museum President & CEO.
  • Brooklyn Children's Museum (BCM) was founded in 1899 as the world's first children's museum, and is New York City's largest cultural institution designed especially for families.
  • Carver Bancorp, Inc. (Nasdaq: CARV)is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.