- Carver is a historic institution founded in 1948 to help
underserved communities in New York
City build wealth.
- Carver continues to pay its mission forward, focusing on
Minority and Women Business Enterprises and the growing
middle-income neighborhoods it serves.
- Approximately $0.80 of each
deposit dollar at the Bank is reinvested in the diverse communities
it serves through competitively priced loan capital.
- Donald Felix is only the sixth
CEO in Carver's 76-year history.
NEW
YORK, Sept. 16, 2024 /PRNewswire/ -- Carver
Bancorp, Inc. (Nasdaq: CARV) ("Carver" or the "Company"), the
holding company for Carver Federal Savings Bank (the "Bank"), a
certified Community Development Financial Institution ("CDFI") and
designated Minority Depository Institution ("MDI"), is pleased to
announce that its Board of Directors (the "Board") has named
Donald Felix as President and CEO of
the Company and Bank effective November 1,
2024. He will also serve as a member of the Carver
Board.
"Felix brings more than two decades of
banking leadership to advance Carver into its next era of
growth."
Mr. Felix is an accomplished banking executive with over 25
years of global banking and broad C-level experience. In his most
recent role at Citizens Financial Group, Inc. as Executive Vice
President and Head of National Banking & Expansion, Mr. Felix
drove increased profitability and grew deposits by $3B. In this and previous roles at JPMorgan Chase
and Citi, he has had extensive experience managing deposits and
lending, delivering innovations in digital banking, and launching
new products and solutions for consumer financial health. His roles
have spanned consumer banking and wealth management, corporate
banking, office of the Chairman/CEO, and investment banking,
domestically and internationally.
The Board undertook a comprehensive national search to find a
permanent President and CEO to lead Carver in its ongoing mission
to provide banking services and business capital to diverse urban
communities throughout Greater New York
City, and beyond. Mr. Felix will succeed Craig C. MacKay, an independent director since
February 2017, who has served as the
Interim President and CEO of the Company and Bank since
October 2023. Mr. MacKay will
continue to serve as a member of the Carver Board.
"Don Felix has an outstanding
record of executive experience and achievement in the banking
industry," said Lewis P. Jones
III, Chairman of the Board. "His expertise will help
Carver achieve its strategic objective to create new revenue
streams and further enhance shareholder value. He will fulfill
Carver's mission of expanding access to capital in the communities
it serves. On behalf of the Bank, our customers, and valued
community partners, I welcome Don to the Carver family and look
forward to his contributions in the months and years ahead. I also
want to thank Craig for his vital work and leadership in serving as
Interim President and CEO with distinction over the past year."
"I have known Don Felix for over
a decade—and I am confident he has the strategic and operational
expertise to elevate the banking experience for our customers,
expand our community relationships, drive technological
enhancements at the Bank, and enhance profitability for our
shareholders," said Craig C.
MacKay, Interim President and CEO. "It has been an honor
to serve as Interim President and CEO. I want to thank my
colleagues at Carver, our customers, and banking partners for their
unwavering support of our institution during my tenure."
"Carver has been a driving force in economic empowerment in
Greater New York City for more
than seven decades doing some of the most impact-driven work in
banking," said Incoming President and CEO Donald Felix. "I look forward to advancing
Carver's growth, creating value for our stakeholders, and promoting
greater financial inclusion and economic mobility. We will continue
to play a central role in ensuring we meet the evolving needs of
consumers and helping our communities thrive. I want to thank
Lewis, Craig, and the Board for their incredible support and
encouragement. I deeply respect the executives and employees who
have built this incredible financial institution. Working together
with the team and our partners, I know Carver's best days lie
ahead."
Donald Felix Bio
Prior
to his employment with Carver, Mr. Felix served as Executive Vice
President of Citizens Financial Group, Head of National Banking
& Expansion from 2021 to 2023. Before that, he served as
Managing Director of JPMorgan Chase, in the Consumer Bank as Head
of Consumer Financial Health from 2019 to 2021. He was also the
Chief of Staff in the Office of the CEO, for Chase Consumer Bank
& Wealth Management, from 2016 to 2019, and before joining
Chase held various senior positions domestically and abroad at Citi
from 1996 to 2016.
He holds an MBA in Finance and Strategic Management from The
Wharton School, University of
Pennsylvania, and a BBA in Information Systems and Analysis
from Howard University. He is a
Director at the Urban League of Eastern
Massachusetts.
A first-generation Caribbean-American, Mr. Felix was born and
raised in New York City and has a
deep connection and long history of civic engagement with the
communities that Carver serves.
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 historically
underserved communities in New
York 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. Carver's online banking
presence includes consumer checking and savings accounts across
nine states, from Massachusetts to
Virginia and Washington, DC. For further information,
please visit the Company's website at www.carverbank.com. Be
sure to connect with Carver on Facebook, LinkedIn, and
Instagram.
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
Investors:
ir@carverbank.com
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SOURCE Carver Bancorp, Inc.
