Carver Bank’s President Michael Pugh Re-Investing in Harlem
September 24, 2021
Hosted By: G.Keith Alexander
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A banking veteran of more than 27 years, Michael Pugh is a seasoned public company CEO with significant experience in consumer banking, small business and commercial banking, M&A, and regulatory compliance. Mr. Pugh has led teams of up to 600 associates in retail, business banking, commercial and residential lending, and call center operations. He has also been a critical leader in bank technology integrations, launched new lines of business, and executed new growth strategies. Michael Pugh is the President and Chief Executive Officer of Carver Bancorp, the holding company for Carver Federal Savings Bank, a federally chartered savings bank and the nation’s largest publicly traded African- and Caribbean-American operated bank, with approximately $670 million in assets and 140 employees. Before joining Carver in August 2012, Mr. Pugh worked at Capital One, N.A., as Senior Vice President, Regional Executive and Market President of Eastern Maryland, Delaware, and Washington, D.C. Mr. Pugh was responsible for revenue production, customer service, and bank operations for approximately 75 banking centers and $3 billion in deposits. Also, he led the bank’s community development strategy for 1,200 associates and eight counties. Previously, Mr. Pugh was a Senior Vice President, Retail Banking Executive for Citizens Financial Group. He led retail banking teams in the Michigan and Indiana markets with up to 67 banking centers.
Carver is one of the largest African- and Caribbean-American-run banks in the country. G. Keith Alexander chats with Michael Pugh about the bank’s commitment to reinvesting approximately 80 cents of every deposit dollar back into our communities, fueling business growth, job creation, and development.