Carver Bancorp Appoints Donald Felix as New Leader
Carver Bancorp Welcomes Donald Felix as President and CEO
Carver Bancorp, Inc. has officially announced the appointment of Donald Felix as its new President and CEO. This decision marks a significant milestone for Carver, an institution renowned for its commitment to assisting underserved communities.
A Legacy of Service and Community Investment
Founded in 1948, Carver has been at the forefront of economic empowerment, particularly for historically marginalized groups. The bank's passion for financial inclusion is evident, as it continues its mission to bolster Minority and Women Business Enterprises, alongside supporting middle-income neighborhoods. A noteworthy achievement is that approximately 80 cents of every deposit dollar is reinvested into these diverse communities, demonstrating Carver’s dedication to responsive banking practices that prioritize community growth.
The Profile of Donald Felix
Donald Felix stands out as a seasoned banking professional, bringing over two decades of leadership experience to Carver. Previously, he served as Executive Vice President at Citizens Financial Group, leading efforts that increased profitability and deposits substantially. His rich background includes significant roles at major banking institutions like JPMorgan Chase and Citi, focusing on managing deposits and lending, digital banking innovations, and enhancing consumer financial solutions. He has led numerous projects that aimed at improving customer experiences and driving financial health in underserved areas.
Strategic Vision for the Future
Felix's appointment comes after a thorough nationwide search by Carver's Board of Directors, reflecting their commitment to ensuring effective leadership as the organization aims to further its mission of providing vital banking services and capital to urban communities. His predecessor, Craig C. MacKay, served as Interim President and CEO and will continue on the Board, ensuring a smooth transition for the bank.
Quotes from Leadership
Lewis P. Jones III, Chairman of the Board, expressed his confidence in Felix's capabilities: "Don has an outstanding record of achievement in the banking industry. His expertise will guide Carver in creating new revenue streams and enhancing shareholder value. We are thrilled to welcome him into the Carver family and look forward to his contributions in the coming years." This sentiment was echoed by MacKay, who stated, "It has been an honor to serve. I know Don has the insight to elevate the banking experience for our customers and foster community relationships. "
Felix's Commitment to Community Impact
As he steps into this vital role, Felix emphasized his commitment to furthering Carver's impact on economic mobility and community flourishing. He recognizes the bank's historical importance and is eager to advance its growth while fostering greater financial inclusion. "Working together with our team and partners, I am confident that Carver’s most successful days lie ahead," Felix stated.
About Carver Bancorp, Inc.
Carver Bancorp, Inc. (NASDAQ: CARV) is the parent company of Carver Federal Savings Bank, a vital institution with a mission to uplift historically underserved communities. Headquartered in Harlem, Carver provides essential financial services while being recognized by the U.S. Treasury as a Community Development Financial Institution (CDFI). With a robust online presence across multiple states, Carver is committed to expanding access to banking services.
Frequently Asked Questions
What role will Donald Felix play at Carver Bancorp?
Donald Felix will serve as the President and CEO of Carver Bancorp, leading the bank's strategic direction and community investments.
What is Carver Bancorp's mission?
Carver Bancorp aims to provide banking services and capital to economically underserved communities, focusing on financial inclusion and empowerment.
How has Carver Bancorp supported local communities?
Approximately 80% of deposits are reinvested in local communities through competitively priced loans, emphasizing Carver's commitment to community growth.
When did Donald Felix start his new role?
Donald Felix's appointment as President and CEO is effective immediately.
What previous experience does Donald Felix have?
Felix has over 25 years of experience in banking, previously serving in executive roles at Citizens Financial Group and JPMorgan Chase.
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