Banking for Good: Michael Pugh of Carver Federal Savings Bank

The Federal Reserve estimated that there were 55 million unbanked or underbanked adult Americans in 2018, which account for 22% of U.S. households.

This week, learn from Michael Pugh, the President and CEO of Carver Federal Savings Bank. Carver is a New York-based bank founded in 1948 to serve primarily black communities, and today is the largest publicly-traded, black-operated bank in the United States. Michael has previously held executive positions at financial institutions like Capital One and Citizens Bank.

"Financial health and wellness is a critical part of our overall being that has to be nurtured," says Michael. "Banking is about the relationship you have at a financial institution that can participate in helping you construct solutions for you and your business."