#United States #New York #Carver Bancorp #Community Development #Federal Savings Bank

Carver Bancorp Celebrates Juneteenth at Nasdaq

On June 20, 2025, Carver Bancorp, Inc. made a significant mark by ringing the Nasdaq Opening Bell, an event that coincided with the celebration of Juneteenth. This momentous occasion brought together board members, employees, and community partners of Carver, a community bank dedicated to fulfilling the financial needs of New Yorkers.

Juneteenth, a day that commemorates the end of slavery in the United States, served as the perfect backdrop for Carver's mission to promote access to financial services for historically underserved communities. During the ceremony, Carver’s President and CEO, Donald Felix, delivered heartfelt remarks emphasizing the importance of expanding financial opportunities for all.

Felix reflected on Carver's origins, stating, “Carver was founded in 1948 by visionary community leaders from Brooklyn and Harlem who understood the necessity of financial access.” He underlined that the bank’s foundational mission to serve marginalized populations remains a critical objective today.

A Commitment to Community

The event at Nasdaq was preceded by an influential roundtable discussion in New York City, led by U.S. Treasury Secretary Scott Bessent, where the pivotal role of community banks, particularly Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), was discussed. These institutions play an essential role in fostering local economic growth and enhancing household financial wellness.

During his address, Felix expressed pride in leading an institution that has been a steadfast supporter of under-resourced communities, sharing his own experiences growing up near Carver’s branches. “This bank's story is personal—and so is its future,” he articulated, reinforcing his dedication to continue the bank’s legacy.

Carver’s focus on community-centric banking hasn't wavered over the years. The bank remains committed to reinvesting a vast majority of deposits into local economies, aiming to foster job creation and stimulate economic growth in the neighborhoods it serves. This commitment has not gone unnoticed, as the U.S. Department of the Treasury recognizes Carver as a leading CDFI.

Looking Ahead

As Carver Bancorp celebrates its 77th year, the leadership acknowledges the ongoing challenges faced by community banks while remaining focused on innovation and sustainability. Carver is dedicated to adapting its services to better meet the evolving needs of New Yorkers. This includes expanding its lending practices, investing in technological advancements, and ensuring long-term profitability and impact.

Felix closes his remarks with encouragement, stating, “Transforming a mission-driven community bank back to profitability and growth is hard work, but it’s essential. When we thrive, our communities flourish.” His vision for Carver is clear: to continue delivering trusted financial solutions to empower every New Yorker seeking to improve their economic standing.

Conclusion

Carver Bancorp, Inc., operating as Carver Federal Savings Bank, stands at the forefront of community banking, with branches serving customers in nine states from Massachusetts to Virginia, including Washington, D.C. Established with the intention of overcoming financial barriers and promoting inclusion, Carver’s legacy is intertwined with the aspirations of the communities it serves. As the bank moves forward, it remains steadfast in its mission to not just serve, but to truly uplift and empower everyday New Yorkers. For more information, visit Carver Bank. Connect with Carver on Facebook, LinkedIn, and Instagram to stay updated on their initiatives.