Exit Interview: Carver CEO Wright on Long-Term Profit, Underbanked Goals

American Banker
Tuesday, December 9, 2014

In a joint interview, longtime Carver Bancorp CEO Deborah Wright and new president and CEO Michael Pugh discussed the evolution of the bank's role in its communities. "[Michael] is a tremendous talent," Wright said. "We've worked together for a couple of years and, over that time, I became comfortable that he could take the organization to the next level." Pugh intends to expand the bank's customer base with new products. "[T]here is continued opportunity to have feet on the street and grow primary banking relationships," said Pugh. "The next step is a credit solution for middle-income customers who would be interested in banking with Carver if we could offer the same products as the big players."