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Posted 09 August, 2023

CARVER BANCORP INC appointed new CEO

CEO Change detected for ticker Nasdaq:CARV in a 8-K filed on 09 August, 2023.


  On August 6, 2023, Michael T. Pugh advised Carver Bancorp, Inc. (the "Company") and Carver Federal Savings Bank (the "Bank") that he: (1) was resigning as a director of both the Company and the Bank, effective September 30, 2023; and (2) was resigning his positions as Chief Executive Officer and President of the Company and the Bank, effective September 30, 2023.  

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Overview of CARVER BANCORP INC
Financial Services • Banking
Carver Bancorp, Inc. operates as a holding company. Through its subsidiary, it provides consumer and commercial banking services. The company was founded in May 1996 and is headquartered in New York, NY.
Market Cap
$8.13M
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CARVER BANCORP INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 


On August 6, 2023, Michael T. Pugh advised Carver Bancorp, Inc. (the "Company") and Carver Federal Savings Bank (the "Bank") that he: (1) was resigning as a director of both the Company and the Bank, effective September 30, 2023; and (2) was resigning his positions as Chief Executive Officer and President of the Company and the Bank, effective September 30, 2023. Mr. Pugh is departing the Company and the Bank to pursue professional and philanthropic interests on a national level. Mr. Pugh's resignation was not related to a disagreement with the Company or the Bank on any matter relating to the Company's or the Bank's operations, policies or practices.


The Company intends to conduct a national search for a permanent Chief Executive Officer and President through an executive search process.


On August 9, 2023, the Company issued a press release announcing Mr. Pugh's resignation. That press release is attached to this report as Exhibit 99.1.