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Carver in New York Creates President Role

Carver Bancorp (CARV) in New York has shuffled several managers while creating a new position of president and chief operating officer.

Michael Pugh was tapped to become the company's president and chief operating officer, where he will oversee lending, retail, operations and marketing, Carver said Tuesday. Pugh, hired from Capital One (COF) to become the $638 million-asset company's chief revenue officer, will report to chairman and chief executive Deborah Wright.

Carver's chief financial officer, Mark Ricca, will step down next month to take a post at another, unnamed institution, Carver announced.  A company spokesman was  not immediately available for further clarification.

David Toner, who had been Carver's controller since 2009, will become acting chief financial officer when Ricca departs on Feb. 15.  Toner has been Carver's senior vice president and controller since 2009.

Carver made three additional changes to its executive team.

Alfredo Assad will become the company's acting chief lending officer.  Before joining Carver, he was president of the $150 million-asset New York National Bank in the Bronx.

John Spencer was promoted from chief retail officer to chief of operations, overseeing the retail and branch administration, technology and facilities.  James Raborn will be promoted from senior vice president and loan workout officer to general counsel.




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