Carver Federal Savings Bank Recognizes Small Business Customers And Congressman Charles B. Rangel For Their Commitment To Community And Economic Empowerment

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Oct 28, 2016, 10:19 ET

NEW YORK, Oct. 28, 2016 /PRNewswire/ -- Carver Bancorp, Inc. (the "Company") (NASDAQ: CARV), the holding company for Carver Federal Savings Bank ("Carver"), recently held a business networking celebration at its headquarters and main branch located on Martin Luther King, Jr. Boulevard (125^th Street) in Harlem to recognize two small business entrepreneurs and Carver customers, Make My Cake and Settepani Restaurant, for their contributions to the economic vitality of the local community.

From left to right: Congresswoman Inez Dickens; Alma Rangel; Kenneth Knuckles, Carver Board of Directors, and President & CEO, Upper Manhattan Empowerment Zone; Congressman Charles B. Rangel; Michael T. Pugh, President & CEO, Carver Federal Savings Bank; Blondel Pinnock, SVP, Chief Lending Officer, Carver Federal Savings Bank

From left to right: Kenneth Knuckles, Carver Board of Directors, and President & CEO, Upper Manhattan Empowerment Zone, Aliyyah Baylor, Make My Cake; Blondel Pinnock SVP, Chief Lending Officer, Carver Federal Savings Bank; Michael T. Pugh, President & CEO, Carver Federal Savings Bank

From left to right: Michael T. Pugh, President & CEO, Carver Federal Savings Bank; Nino Settepani and Leah Abraham, Settepani Restaurant; Blondel Pinnock, SVP, Chief Lending Officer, Carver Federal Savings Bank

The event also included a ceremony to honor Congressman Charles B. Rangel for his legacy of service and commitment to the small business community in the Greater Harlem neighborhoods. Numerous elected officials, community leaders, small business owners, and Carver customers were in attendance.

"Carver is only as strong as the diverse communities in which it has invested in for more than 67 years," said Michael T. Pugh, President and CEO of Carver Federal Savings Bank.

"As a mission-based community bank serving low- to moderate income neighborhoods across New York City, we have a laser focus on meeting the needs of Minority and Women Business Entrepreneurs ("MWBEs") who are bringing a renewed level of energy and job creation to inner city neighborhoods. Indeed, these values of commitment to community and economic empowerment are the reasons why we chose to recognize Make My Cake and Settepani Restaurant at our first annual business networking awards event for the Harlem community.

"It is difficult to put into words the contributions that Congressman Charles B. Rangel has made over his life in public service that spans nearly five decades on Capitol Hill. During his tenure, Congressman Charles B. Rangel has provided a voice to so many Harlem residents and has been a powerful advocate for positive social change in the community. On behalf of Carver Federal Savings Bank and our Board of Directors, we thank Congressman Charles B. Rangel for his never-ending commitment to lifting people up in the Harlem community and for his contributions to our nation."

Upon receiving his award from Carver Federal Savings Bank, Congressman Charles B. Rangel remarked, "Harlem is a special place. I was raised not too far from here on the streets of Lenox Avenue. Make no mistake about it, your businesses are anchored here in Harlem, your churches are anchored here and your community is anchored here. We need to have a degree of solidarity in where we bank and conduct business. There are so many exciting things we can do together, we are stronger together, but we must work together."

About Carver Bancorp, Inc.
Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. In light of its mission to promote economic development and revitalize underserved communities, Carver has been designated by the U.S. Department of the Treasury as a Community Development Financial Institution. Carver is the largest African- and Caribbean-American managed bank in the United States, with nine full-service branches in the New York City boroughs of Brooklyn, Manhattan, and Queens. For further information, please visit the Company's website at www.carverbank.com.

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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.

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SOURCE Carver Bancorp, Inc.