Financial institution Carver Bank selects JPMorgan and Citizens Financial Group vetter as its incoming CEO.
In a significant move, Carver Bancorp, a 75-year-old institution serving communities in New York City, has announced the appointment of Donald Felix as its President and CEO, effective November 1. This marks the end of Craig MacKay's interim tenure.
Felix, a 25-year banking industry veteran, brings a wealth of experience to Carver Bancorp, having worked at Citi, JPMorgan Chase, and Citizens Bank. His most recent role was as Citizens' head of national banking and expansion, where he helped grow the bank's deposits by $3 billion.
Felix's annual base salary at Carver Bancorp is $700,000, with a minimum annual performance-based cash bonus opportunity of $500,000. He will also receive two performance equity grants, each with a market value of $100,000, and a $100,000 signing bonus.
Felix expressed his enthusiasm for Carver Bancorp, stating that it has been a driving force in economic empowerment in Greater New York City for over seven decades. He believes in continuing this mission of expanding access to capital in the communities it serves.
Lewis P. Jones III, the chair of Carver Bancorp's board, shares this sentiment. He believes Felix's expertise will help the bank achieve its strategic objectives and enhance shareholder value. MacKay, who will continue to serve on Carver's board after Felix takes over, also defended Carver's status in a shareholder letter last November, stating the bank had solid capital and liquidity ratios.
However, details about Felix's specific plans for Carver Bancorp are not yet available. The bank's latest filing from August 2025 does not elaborate on strategic initiatives related to executive appointments. For the most current insights, it might be necessary to consult Carver Bancorp’s press releases or recent news updates directly from their official sources or financial news outlets.
Carver Bancorp weathered a "hostile takeover" attempt by Dream Chasers Capital Group this year, but the bank's stock was trading at $2.57 when Dream Chasers offered to buy 35% of Carver's shares at $3 a share.
Felix's professional background can be found on his LinkedIn profile, where he details his experience in consumer banking, wealth management, and investment banking. His tenure at Citi spanned 11 years, and he spent five years at JPMorgan Chase in consumer banking and wealth management before joining Carver Bancorp.
In conclusion, Carver Bancorp's appointment of Donald Felix as President and CEO marks a new chapter for the institution. Felix's extensive banking experience and commitment to Carver Bancorp's mission make him a promising leader for the bank's future. As more details about his plans for the bank become available, we will update this story.
[1] Source: Carver Bancorp's latest filing (August 2025) and various news outlets.
- With his extensive background in finance and investing, particularly his experience at Citi, JPMorgan Chase, and Citizens Bank, Donald Felix aims to leverage these skills to further Carver Bancorp's mission of economic empowerment in Greater New York City.
- As Carver Bancorp's President and CEO, Donald Felix will oversee a significant business, with his compensations being an annual base salary of $700,000, a minimum annual performance-based cash bonus opportunity of $500,000, two performance equity grants, and a $100,000 signing bonus.
