The Bank Slate


Carver in NY begins search for next CEO

Carver Bancorp in New York is looking for a new CEO.


The $723.2 million-asset company said in a press release that Michael Pugh will also step down as president on Sept. 30 to “pursue professional and philanthropic interests on a national level.”


Carver will conduct a national search for a successor. No interim leaders were announced.


Pugh joined the bank in 2012, becoming president and chief operating officer a year later. He has been CEO in January 2015.


“The Carver board thanks Michael for his outstanding contributions to Carver’s mission to promote economic empowerment and support the banking needs of diverse communities throughout the New York City area,” Lewis Jones III, the company’s chairman, said in the release. “We wish him the best as he begins the next chapter of his professional career.”

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