Carver Bancorp, the holding company for Carver Federal Savings Bank, announced that Michael T. Pugh will leave his position as President & CEO and director effective September 30. Pugh is departing Carver to pursue professional and philanthropic interests on a national level. A national search will be undertaken to find a permanent President & CEO to lead Carver in its ongoing mission to provide banking services and business capital to communities of color throughout the Greater New York City area. Pugh is only the fifth CEO in the history of Carver, which opened its doors in 1948 to serve the needs of African-American and Caribbean-American communities in New York City that had limited access to mainstream banking services and business capital.
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