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Carver Federal Savings Bank Honors Longest Serving Chief Executive With $50K Charitable Donation to Schomburg Center's Junior Scholars Program

NEW YORK, Nov. 19, 2015 (GLOBE NEWSWIRE) -- Carver Federal Savings Bank (“Carver” or the “Bank”), today announced that the Bank recently made a $50,000 donation on behalf of the Carver Scholarship Fund to the Schomburg Center for Research in Black Culture (the “Schomburg Center” or “Schomburg”). The Schomburg Center, a research unit of The New York Public Library system, is recognized as a leading national research library devoted to collecting, preserving and providing access to resources documenting the experiences of people who are of African descent throughout the world.

Carver Federal Savings Bank President and CEO Michael T. Pugh presenting a $50,000 donation to the Schomburg Center for Research in Black Culture. (From left to right: Richard T. Greene Jr., Dr. Khalil Gibran Muhammad, Michael T. Pugh, Takisia Whites.)




“Carver is a long-standing supporter of arts and culture in the community and has a long history of working with local cultural institutions. We are pleased to join our partners in financing activities that will preserve and enhance the Schomburg Center for future generations of scholars and researchers,” said Carver Federal Savings Bank President and CEO Michael T. Pugh.

The presentation was made in honor of the late Richard T. Greene, Sr., who enjoyed an illustrious career as a leading executive at Carver for more than 35 years and founded the Carver Scholarship Fund in 1983. Mr. Pugh presented the check during the Schomburg Center’s annual Fall Open House, where audiences and patrons access and engage with its collections, exhibitions and programmatic offerings in an evening of talks, performances, films and art.

Carver’s gift will be designated for the Schomburg’s Junior Scholars Endowment to support enrichment activities for young students, including a Richard T. Greene, Sr. Leadership Talk. The contribution will also provide essential, ongoing support enabling the 125 Junior Scholars to benefit from exposure to African American role models that will help to motivate and empower them in their academic and professional careers.

About The New York Public Library

The New York Public Library is a free provider of education and information for the people of New York and beyond. With 92 locations—including research and branch libraries—throughout the Bronx, Manhattan, and Staten Island, the Library offers free materials, computer access, classes, exhibitions, programming and more to everyone from toddlers to scholars, and has seen record numbers of attendance and circulation in recent years. The New York Public Library serves more than 18 million patrons who come through its doors annually and millions more around the globe who use its resources at www.nypl.org. To offer this wide array of free programming, The New York Public Library relies on both public and private funding. Learn more about how to support the Library at nypl.org/support.

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 among the largest African- and Caribbean-American managed banks 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7ae6a2cb-0d45-4c4b-9e64-8689d534db2f

Contacts: Michael Herley/Ruth Pachman Kekst (212) 521-4897/4891 michael.herley@kekst.com ruth.pachman@kekst.com Adenike Olanrewaju The New York Public Library (212) 592-7008 adenikeolanrewaju@nypl.org

Source:Carver Bancorp, Inc.