NEW YORK, Nov. 18, 2016 /PRNewswire/ -- Carver Bancorp, Inc. (the "Company") (NASDAQ: CARV), the holding company for Carver Federal Savings Bank ("Carver" or the "Bank"), today announced that the Company's CEO Michael T. Pugh recently appeared on Here and Now, a weekly one-hour program, hosted by Sandra Bookman, that is dedicated to covering the issues and interests of the African-American Community in the New York tristate region. Here and Now airs on WABC-TV Channel 7 in New York at 12 noon on Sundays.
"Nearly 70-years since its founding, Carver has stayed true to its mission, helping people of color excluded from other financial services," noted Sandra Bookman. During the interview, Mr. Pugh spoke with Sandra Bookman about a number of topics relevant to Carver and the African- and Caribbean-American communities: (1) how Carver strives to marry mission and margin to best serve the community and its investor base; (2) why a bank's CRA (Community Reinvestment Act) rating is vitally important; (3) how Carver partners with Minority and Women Business Entrepreneurs (MWBEs); and (4) the importance of expanding financial literacy to help people of color become more creditworthy and economically independent. Carver's Community Focus "The ability to make sure we are serving the African-American community, the overall greater NYC low- to moderate income market, as well as Minority and Women Business Entrepreneurs remains mission critical for us and forms the three cornerstones of our business," said Mr. Pugh. "We focus on balancing a decent margin, in terms of a return for our overall investors, while making sure we remain true to the organization's overall mission."