Carver Bancorp, Inc. appoints John J. Fitzpatrick as First Senior Vice President And Chief Operating Officer

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Jun 22, 2017, 08:30 ET

NEW YORK, June 22, 2017 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) (the "Company"), the holding company for Carver Federal Savings Bank ("Carver"), announced that John J. Fitzpatrick was recently appointed First Senior Vice President and Chief Operating Officer of the Company. Mr. Fitzpatrick is based in Harlem, NY and will report directly to Michael T. Pugh, President, Chief Executive Officer and Director of the Company.

"John joins Carver with more than 35 years of trusted banking, operational, senior management, accounting and financial experience," remarked Mr. Pugh. "In a competitive community banking environment like New York City, it is crucial that our operational performance be optimized so that we can meet the needs of the communities we serve while striving to generate positive financial results. John is the right person to help us achieve the proper balance between these two important goals. On behalf of the executive management team, I welcome John to the Carver family and look forward to working closely with him."

Mr. Fitzpatrick is a senior banking and operational specialist who formerly served as the Chief Operating Officer of Fieldpoint Private Bank and Trust in Greenwich, CT. In this role, Mr. Fitzpatrick provided oversight and guidance to the bank's operations, during which time he enhanced the bank's enterprise risk management systems, loan operations, and was responsible for the analytical tools and controls that were necessary to efficiently manage the bank. Before joining Fieldpoint, he was the Director of Operations at Sterling National Bank and, prior to this role, he was the Director of Finance and Management Information Systems at Provident Bank.

"I have long admired Carver and the impact it makes across the diverse communities of New York City," remarked Mr. Fitzpatrick. "The team of managerial talent that Carver has assembled is impressive. I look forward to working closely with Michael T. Pugh and the entire management team to grow the Carver banking franchise and strengthen its operational performance."

Mr. Fitzpatrick received a Master's Degree in Banking and Finance from Adelphi University and a Bachelor's Degree in Economics and Accounting from Hunter College, City University of New York.

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.