Carver Bancorp (CARV) in New York is planning to add three new members to its board.
Lewis Jones, Kenneth Knuckles and Colvin Grannum will join Carver's board on Tuesday, the $634 million-asset company said in a press release Friday.
Jones is managing principal and co-founder of asset management firm 5 Stone Green Capital, which invests in energy efficient and sustainably designed real estate. He also served as an executive at JPMorgan Chase (JPM) for more than 22 years, working as co-portfolio manager of the New York company's Urban Renaissance Property Fund and as a senior member of the acquisitions team in its asset management division.
Knuckles is president and chief executive of the Upper Manhattan Empowerment Zone Development Corp. The company has invested $140 million in the Upper Manhattan economy since he took over the leadership role in 2003. He is also vice chair of the New York City Planning Commission.
Grannum has been president and chief executive of Bedford-Stuyvesant Restoration Corp., the nation's first community development corporation, since 2001. He previously served as chief executive officer of Bridge Street Development Corp., a church-affiliated community development company.
Carver operates the country's largest African- and Caribbean-American-run bank, Carver Federal Savings Bank. After a long drought caused by the economic downturn, Carver has posted three straight quarters of profitability this year.
"As we accelerate our efforts to complete Carver's turnaround and increase our revenue growth, we are very fortunate to add to our board three individuals with on-the-ground operational and financial experience, as well as key business relationships in our marketplace," Carver Chairman and Chief Executive Deborah Wright said in a press release.