is an owner and manager of Peterson County LLC, Mr. Jackson has been a real estate investment, development and management company with properties principally located in Connecticut. At Peterson County, Ms. Tohbe directs the financial operations and manages the portfolio of low-income tenant apartment buildings. Prior to joining Peterson County in 2001, Ms. Tohbe was Chief Financial Officermember of the Mashantucket Pequot Tribal Nation,Boards of Directors of Carver and Carver Federal since 1997.Robin L. Nunn is expected to join our Board subject to non-objection by the ownersFRB. Ms. Nunn is Partner and Co-Head of the Foxwoods Resort Casino, several other hotel properties, commercial real estate, a nationwide pharmaceutical distribution network, and other operations which were as diverse as shipbuilding and ferry operations, and the construction and operation of the $200 million Pequot Museum and Research Center. In addition, she oversaw the $350 million annual government budget, covering the costs of managing the reservation and the health and welfare of the Tribe.Banking Group at Morgan, Lewis & Bockius LLP since 2020. Prior to that, Ms. TohbeNunn was Partner and Chair of the Consumer Financial Services Group at Dechert LLP. From 2017 to 2019, Ms. Nunn was Partner and Co-Chair of the Supervision, Enforcement and Litigation Group at Davis Wright Tremaine. Ms. Nunn has also held Chiefsenior legal positions with Capital One Financial Officer positionsCorporation and American Express. She began her legal career as a Law Clerk for the Hon. Barrington Parker of the U.S. Court of Appeals for the Second Circuit, and then was a Senior Associate with Sullivan & Cromwell LLP. Ms. Nunn received her BA from Dartmouth College and her JD from the University of Chicago Law School. She is a graduate of the Executive Development Leadership Program of the Harvard Business School. Ms. Nunn’s extensive legal experience advising financial institutions will be a valuable asset to the Board.
The Board of Directors Recommends a Vote “FOR” Each Nominee for Election as Director. |
Continuing Directors
Lewis P. Jones III is Managing Principal and Co-Founder at J.M. Huber Corporation in Edison, New Jersey,5 Stone Green Capital, an asset management firm that focuses on energy efficient and The Oakland Tribune in Oakland, California. Shesustainably-designed real estate developments, since 2010. Mr. Jones was an executive from 1988 to 2009 at JPMorgan Chase (and predecessor banks), including serving as the Co-Portfolio Manager of the JPMorgan Urban Renaissance Property Fund and a senior member of the Acquisitions Team at JP Morgan Asset Management. Mr. Jones also previously served as President of the Chase Community Development Corporation. Mr. Jones earned his undergraduate degree from Harvard University and a law degree and MBA from Columbia University. Mr. Jones’s expertise in community development and green real estate lending and investment offers Carver a unique perspective on burgeoning opportunities in its market area. Mr. Jones is Chairman of the Boards of Directors of Carver and Carver Federal.
Kenneth J. Knuckles is the retired President and Chief Executive Officer of the Upper Manhattan Empowerment Zone Development Corporation (“UMEZ”), where he served for over 15 years. Mr. Knuckles is also Vice Chair of the New York City Planning Commission. Prior to joining UMEZ, Mr. Knuckles was Vice President of Support Services and Chief Procurement Officer at Columbia University. Mr. Knuckles earned his undergraduate degree from the University of Michigan and his law degree from Howard University School of Law. Mr. Knuckles’ experience in New York City community development issues contributes to Carver’s mission to the communities it serves.
Michael T. Pugh is President, Chief Executive Officer, and a member of the Boards of Directors of Carver and Carver Federal since January 2015. From January 2013 through December 2014, Mr. Pugh served as Carver’s President and Chief Operating Officer. In 2012, he was Carver’s Chief Revenue Consultant, focusing on redesigning its business strategy, management structure, and related processes. A banking veteran of more than 27 years, 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 market strategies.
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. In addition, he led Capital One’s community development strategy for 1,200 associates and eight counties. Before Mr. Pugh’s tenure at Capital One, he was a Senior Vice President, Retail Banking Executive for Citizens Financial Group, Charter One division. He led retail banking teams in the Michigan and Indiana markets with up to 67 banking centers. Mr. Pugh also serves as a board member of Bank of America’s World Banking Group, where she was responsibleElevate Credit, Inc. (NYSE: ELVT), Pursuit Lending, and serves as the Board Chairman for all aspectsthe Society for Financial Education and Professional Development. He is a member of the group’s financial operations. She has served onBoard of Community Development Bankers Association and the boardsNew York Bankers Association. Mr. Pugh earned a Bachelor of Science in Health Administration from Eastern Michigan University and was conferred a Doctor of Humane Letters by Medgar Evers College. Pugh received executive leadership certifications from Babson College and The Wharton School of the California Public Employees Retirement System, Pacific GasUniversity of Pennsylvania. Mr. Pugh also achieved a certification in Columbia Business School’s Digital Marketing: Customer Engagement, Social Media, Planning & Electric Nuclear Decommissioning Trust, Mills College, San Francisco Ballet,Analytics Program. Mr. Pugh’s extensive experience in financial services provides the Board with a unique perspective on Carver Bank’s business and Catalyst.strategic direction.
Jillian E. Joseph is Managing Director and Associate General Counsel at Nuveen, the asset management arm of TIAA. Ms. Tohbe holds an M.B.AJoseph primarily supports TIAA’s real estate business – Nuveen Real Estate. She is a lead attorney over approximately $7 billion of loan originations each year in fixed rate mortgage financing, floating rate mezzanine lending, and B.A.structured debt offering. In addition to her extensive debt leadership, Ms. Joseph also supports the equity business with over $12 billion yearly in real estate equity transactions – including property acquisitions and dispositions, complex joint ventures, portfolio investments, fund investments, and REITS. Ms. Joseph earned her undergraduate degree from Colgate University and her law degree from the University of California, Berkeley. Her extensivePennsylvania Law School. Ms. Joseph’s in-depth knowledge of real estate, finance and business law provides the Board with a unique and valuable perspective into economic development and commercial lending issues.
Craig C. MacKay is a Managing Director and Partner of England & Company. He has over 26 years of investment banking experience focused on corporate financings, investments and M&A advisory for middle market companies. Mr. MacKay previously headed the Private Finance groups at Oppenheimer & Company, Canadian Imperial Bank of Commerce, SunTrust Robinson Humphrey, and was the Managing Member and founder of HNY Associates, a private merchant bank and advisory services firm. Since beginning his banking career at Bankers Trust Company in 1989, he has completed over $12 billion of middle-market domestic and cross-border capital and corporate advisory engagements. Mr. MacKay has executed over 100 acquisition financings, leverage recapitalizations, growth capital-raises, and refinancings across a broad spectrum of industrial sectors, including healthcare, business services, financial services, manufacturing and consumer retail. He has served on numerous corporate and non-profit boards and advisory councils. Mr. MacKay earned both his Bachelor of Science in Economics and Master of Business Administration degree in Finance at the Wharton School of the University of Pennsylvania. Mr. MacKay’s experience in operating her own company focusedcapital markets and corporate finance provides Carver with additional perspective on providing housingopportunities in its market area.
Colvin W. Grannum is the retired President and real estateChief Executive Officer of Bedford Stuyvesant Restoration Corporation, having recently served in this capacity for more than two decades. Mr. Grannum previously served as Chief Executive Officer at Bridge Street Development Corporation. Prior to his career in community development, Mr. Grannum practiced law for more than 17 years. Mr. Grannum earned an undergraduate degree from University of Pennsylvania and a law degree from Georgetown University Law Center. Mr. Grannum’s legal background and expertise in community development in addition to her experience asNew York City offers Carver a greater depth of understanding on the chief financial officer at several organizations, bring valuable businessBank’s market area and leadership skills and financial acumen to the Board in furtherance of its objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills, and other qualities that are beneficial to Carver. Ms. Tohbe serves as Chairneeds of the Finance and Audit Committee.