Carver Bancorp Names Two New Directors, Taps Ex-Amalgamated CEO with $5B Asset Turnaround
Carver Bancorp nominated Keith Mestrich, former Amalgamated Bank CEO who grew its assets to nearly $5 billion and restored profitability, along with Donald Felix, the bank’s current CEO with 25 years of global banking leadership, to its board. Two directors will step down, completing the bank’s board modernization effort.
1. Nominations Announced
Carver Bancorp announced two nominees for its 2026 Annual Meeting: Keith Mestrich, former CEO of Amalgamated Bank, and Donald Felix, the company’s current President and CEO. The slate refreshes the board as part of a broader commitment to modernize governance and drive sustainable profitability.
2. Keith Mestrich Background
Keith Mestrich led Amalgamated Bank from 2014 to 2021, returning it to profitability, improving credit quality, rebuilding senior management, and expanding assets to nearly $5 billion through deposit growth and strategic acquisitions.
3. Donald Felix Background
Donald Felix joined Carver as CEO and President with over 25 years at Citi, JPMorgan Chase and Citizens Financial, overseeing digital banking initiatives, M&A integration, balance sheet management and enterprise transformation to strengthen performance.
4. Governance and Strategic Impact
In conjunction with the nominations, directors Pazel G. Jackson Jr. and Robin L. Nunn will not stand for re-election, marking a key step in Carver’s board modernization. Leadership expects the new directors to accelerate cost reduction, capital planning and long-term growth initiatives.