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Carver Bancorp Inc (CARV.OQ)

CARV.OQ on NASDAQ Stock Exchange Capital Market

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18 Sep 2018
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Summary

Name Age Since Current Position

Robert Tarter

68 2017 Non-Executive Independent Chairman of the Board

Michael Pugh

44 2015 President, Chief Executive Officer, Director

Christina Maier

62 2016 Senior Vice President, Chief Financial Officer

John Fitzpatrick

2017 Chief Operating Officer

John Spencer

51 2017 Senior Vice President, Chief Information Technology

Isaac Torres

2018 Senior Vice President, General Counsel, Corporate Secretary

Sophia Haliotis

2018 Senior Vice President and Chief Credit Officer

Craig MacKay

2017 Director

Robert Mooney

2018 Director

William Taggart

2017 Director

Colvin Grannum

64 2013 Independent Director

Pazel Jackson

84 1997 Independent Director

Lewis Jones

64 2013 Independent Director

Kenneth Knuckles

69 2013 Independent Director

Janet Rolle

54 2010 Independent Director

Susan Tohbe

68 2010 Independent Director

Biographies

Name Description

Robert Tarter

Mr. Robert R. Tarter has been appointed as Non-Executive Independent Chairman of the Board of Carver Bancorp, Inc., and Carver Federal Savings Bank effective January 1, 2017. Mr. Tarter retired in 2009 as an Executive Vice President of the State Street Corporation, which he joined in 1994. Mr. Tarter held several executive level positions during his tenure with State Street, most recently as head of the Global Relationship Management Group and prior to that as head of Institutional Investor Services with responsibility for State Street’s North American investment servicing business for institutional clients. Before joining State Street Corporation, Mr. Tarter spent more than 20 years at Bankers Trust in corporate banking. Mr. Tarter earned his undergraduate degree from the Wharton School at the University of Pennsylvania. Mr. Tarter is a member of the boards of the Immokalee Foundation and the Naples Shelter for Abused Women and Children, and a member of the Executive Leadership Council.

Michael Pugh

Mr. Michael T. Pugh is President, Chief Executive Officer, Director of the Company. Mr. Pugh served as Carver’s President and Chief Operating Officer. In 2012, he was Carver’s Chief Revenue Consultant, focusing on redesigning its business strategy, management structure and related processes. Mr. Pugh is a retail banking veteran of more than 22 years, and has led teams of up to 600 associates in consumer and business banking, residential lending, and call center operations. He has been a critical leader in bank technology integrations, launching new lines of business, and executing new growth market strategies. Prior to joining Carver in August 2012, Mr. Pugh worked at Capital One, N.A., as Senior Vice President, Regional Executive and Market President of the Eastern Maryland, Delaware and Washington, D.C. markets. Prior to his tenure at Capital One, he was a Senior Vice President, Retail Banking Executive for Citizens Financial Group, Citizens Bank. He led retail banking teams in the Michigan and Indiana markets with up to 67 banking centers. Mr. Pugh is a board member for several nonprofit organizations, including the Community Development Bankers Association and the Society for Financial Education and Professional Development, where he serves as Chairman. He earned a B.S. in Health Administration from Eastern Michigan University, and completed advanced management training at Babson College.

Christina Maier

Ms. Christina L. Maier is Senior Vice President, Chief Financial Officer of the CARVER BANCORP, INC.., effective 7 March 2016. Prior to joining Carver, Ms. Maier served as Executive Vice President and Chief Financial Officer of Patriot National Bancorp, Inc. from 2013 through March 2016. Prior to her time with Patriot National Bancorp, Inc., Ms. Maier spent over a decade in leadership positions at other financial institutions, including Provident New York Bancorp and Hudson United Bancorp. Ms. Maier earned an M.B.A. in Finance from St. Thomas Aquinas College and a B.S. in Accounting from Fairleigh Dickinson University.

John Fitzpatrick

Mr. John Fitzpatrick is Chief Operating Officer of the company and Bank. Fitzpatrick previously served as Chief Operating Officer of Fieldpoint Private Bank and Trust and as Senior Vice President and Director of Operations for Sterling National Bank.

John Spencer

Mr. John F. Spencer is Senior Vice President, Chief Information Technologyof Carver Bancorp, Inc. Mr. Spencer was promoted in 2013 from his prior position as Senior Vice President and Chief Retail Officer of Carver Federal. Mr. Spencer joined Carver in February 2009 after 22 years at JP Morgan Chase where he held several management positions in Retail Sales/Customer Service, Audit, and Operations Management. Additionally, he served as a Branch Administration Executive for the bank’s Retail Division, supporting a network with 700 branches, and over $50 billion in deposits. Mr. Spencer has a proven record of accomplishment of operational excellence. He has significant experience in Retail Bank merger integration, and has participated in Six Sigma Methodology projects. He earned a B.A. in Banking and Finance from Pace University.

Isaac Torres

Mr. Isaac Torres is Senior Vice President, General Counsel and Corporate Secretary of the Company. Prior to joining Carver, Mr. Torres was Assistant Vice President and Assistant Corporate Secretary of MetLife, Inc. Before his tenure at MetLife, he was an attorney with the Wall Street firm of Hawkins Delafield & Wood LLP, where he practiced in the areas of public finance and economic development. Mr. Torres began his career with the New York City Mayor's Office of Management & Budget and was later appointed Budget Director of the New York City Department of Design & Construction. Mr. Torres is a graduate of St. John's University Law School, and is admitted to practice in New York and New Jersey. He is a member of the New York City Bar Association, the Association of Corporate Counsel and the Society of Corporate Secretaries & Governance Professionals. He received a BA in Political Science from Stony Brook University and an MS in Management & Policy Analysis from the New School for Social Research, where he was an Alfred P. Sloan Fellow.

Sophia Haliotis

Ms. Sophia Haliotis is Senior Vice President and Chief Credit Officer of the company. She previously served as Executive Vice President and Chief Credit Officer of BNB Hana Bank USA from 2015 through 2017. Ms. Haliotis also served as Senior Vice President and Chief Credit Officer of Community National Bank from 2013 to 2015 and continued to serve in that role when Community National Bank was acquired by BNB Hana Bank USA. Ms. Haliotis has over 30 years in the financial services industry with several financial institutions in the New York metro area.

Craig MacKay

Mr. Craig C. MacKay is Director of the company. He is a Managing Director and Partner of England & Company. He has over 20 years of investment banking experience focused on private financings for middle market companies. Mr. MacKay previously headed the Private Finance Group at Oppenheimer & Company, was head of Private Finance at SunTrust Robinson Humphrey, and was the Managing Member and founder of HNY Associates. Mr. MacKay earned his Bachelor’s of Science in Economics and Masters of Business Administration in Finance at the Wharton School of the University of Pennsylvania. The Company Board of Directors has appointed Mr. MacKay to serve until the 2017 Annual Meeting of Stockholders. Mr. MacKay has been appointed by the Company’s Board of Directors to the Asset Liability and Interest Rate Risk Committee and the Nominating/Corporate Governance Committee.

Robert Mooney

Mr. Robert W. Mooney is Director of the Company. Mr. Mooney previously served as the Deputy Director for Consumer and Community Affairs in the Division of Depositor and Consumer Protection of the FDIC, directing the national federal deposit insurance outreach, consumer complaint, community affairs, financial education and economic inclusion programs. He also served as Deputy Director of the Division of Supervision and Consumer Protection, directing the FDIC's national Compliance and CRA Examination and Policy programs through the financial crisis, and as Senior Advisor to the FDIC Chairman for Consumer Protection.

William Taggart

Mr. William J. Taggart is Director of the company. He is a Chief Operating Officer and Executive-In-Residence at Morehouse College. Mr. Taggart was previously President and Chief Executive Officer of the Atlanta Life Financial Group, and also served as Chief Operating Officer for Federal Student Aid at the U.S. Department of Education. He has over 30 years of business and public sector experience. Mr. Taggart earned his Bachelor’s in Business Administration from Howard University, and his Masters of Business Administration from the Harvard Business School. The Company Board of Directors has appointed Mr. Taggart to serve until the 2018 Annual Meeting of Stockholders. Mr. Taggart has been appointed by the Company’s Board of Directors to the Finance and Audit Committee and the Compensation Committee.

Colvin Grannum

Mr. Colvin W. Grannum is an Independent Director of Carver Bancorp, Inc., effective October 1, 2013. is President and Chief Executive Officer of Bedford Stuyvesant Restoration Corporation, since 2001. Previously, Mr. Grannum served as Chief Executive Officer at Bridge Street Development Corporation. Prior to his career in community development, Mr. Grannum practiced law for more than 17 years. Mr. Grannum earned an undergraduate degree from University of Pennsylvania and a law degree from Georgetown University Law Center.

Pazel Jackson

Mr. Pazel G. Jackson, Jr., is an Independent Director of Carver Bancorp, Inc. Directors approved, the following individuals for election as Director. Mr. Jackson has been a member of the Board of Directors of Carver and Carver Federal since 1997. Mr. Jackson retired as Senior Vice President of JPMorgan Chase in 2000. During his 37-year career in banking, Mr. Jackson held positions of increasing responsibility at JPMorgan Chase, Chemical Bank, Texas Commerce Bank and the Bowery Savings Bank. Most recently, from January 1995 to 2000, Mr. Jackson was responsible for mortgage market development throughout the United States for JPMorgan Chase. His prior positions included Senior Credit Officer of Chemical Mortgage Company, Business Manager of Chemical Mortgage Division, Chief Lending Officer of Bowery Savings Bank and Marketing Director of Bowery Savings Bank. Mr. Jackson was formerly Vice-Chairman of the Battery Park City Authority and formerly Chairman of The Mutual Real Estate Trust. Mr. Jackson is a licensed Professional Engineer with more than 16 years of senior management experience in design and construction. Mr. Jackson earned B.C.E. and M.C.E. degrees from the City College of New York, an M.B.A. from Columbia University and a Doctorate in Business Policy Studies from Pace University in New York.

Lewis Jones

Mr. Lewis P. Jones, III, is an Independent Director of Carver Bancorp, Inc., effective October 1, 2013. Mr. Jones is Managing Principal Co-Founder at 5 Stone Green Capital, an asset management firm that focuses on energy efficient and sustainably designed green real estate developments, since 2010. Mr. Jones was an executive from 1988 to 2009 at JPMorgan Chase (and predecessor banks), including serving as the Co-Portfolio Manager of the JPMorgan Urban Renaissance Property Fund and a senior member of the Acquisitions Team at JP Morgan Asset Management. Mr. Jones also previously served as President of the Chase Community Development Corporation. Mr. Jones earned his undergraduate degree from Harvard University and a law degree and MBA from Columbia University.

Kenneth Knuckles

Mr. Kenneth J. Knuckles is an Independent Director of Carver Bancorp, Inc., effective October 1, 2013. Mr. Knuckles is President and Chief Executive Officer of the Upper Manhattan Empowerment Zone Development Corporation (“UMEZ”), since 2003. Mr. Knuckles is also Vice Chair of the New York City Planning Commission. Prior to joining UMEZ, Mr. Knuckles was Vice President of Support Services and Chief Procurement Officer at Columbia University. Mr. Knuckles earned his undergraduate degree from the University of Michigan and his law degree from Howard University School of Law.

Janet Rolle

Ms. Janet L. Rolle is an Independent Director of Carver Bancorp, Inc. She recently served as Executive Vice President and Chief Marketing Officer of CNN Worldwide. Prior to joining CNN Worldwide in April 2011, Ms. Rollé was Executive Vice President and Chief Marketing Officer of BET Networks from April 2007 to March 2011. In that role, Ms. Rollé directed brand, marketing and creative strategy for all businesses of BET Networks. From 2005 to 2007, Ms. Rollé served as Vice President and General Manager of AOL’s affinity websites, AOL Black Voices and the 10 websites in AOL Women's & Lifestyle category. Ms. Rollé was previously Vice President, Programming Enterprises and Business Development at MTV Networks, responsible for growing revenue at VH1 and Country Music Television. Ms. Rollé began her career at Home Box Office (“HBO”), holding positions including Special Assistant to the Chairman, and Director of Marketing and New Media, for the video division of HBO. Ms. Rollé holds an M.B.A. from Columbia University and a B.F.A. from the State University of New York, Purchase.

Susan Tohbe

Ms. Susan M. Tohbe is an Independent Director of Carver Bancorp, Inc. Ms. Tohbe is an owner and manager of Peterson County LLC, a real estate investment, development and management company with properties principally located in Connecticut. At Peterson County, Ms. Tohbe directs the financial operations and manages the portfolio of low-income tenant apartment buildings. Prior to joining Peterson County in 2001, Ms. Tohbe was Chief Financial Officer of the Mashantucket Pequot Tribal Nation, the owners of the Foxwoods Resort Casino, several other hotel properties, commercial real estate, a nationwide pharmaceutical distribution network, and other operations which were as diverse as shipbuilding and ferry operations, and the construction and operation of the $200 million Pequot Museum and Research Center. In addition, she oversaw the $350 million annual government budget, covering the costs of managing the reservation and the health and welfare of the Tribe. Prior to that, Ms. Tohbe held Chief Financial Officer positions at J.M. Huber Corporation in Edison, New Jersey, and The Oakland Tribune in Oakland, California. She also served as a Senior Vice President of Bank of America’s World Banking Group, where she was responsible for all aspects of the group’s financial operations. Ms. Tohbe has served on the boards of the California Public Employees Retirement System (“CalPERS”), Pacific Gas & Electric Nuclear Decommissioning Trust, Mills College, San Francisco Ballet, and Catalyst. Ms. Tohbe holds an M.B.A and B.A. from the University of California, Berkeley.