According to MinorityBank.com banking analyst William Michael Cunningham, Carver’s new CEO will face a challenging business environment, including the impact of AI on banking and new potential capital rules that will require the CEO to raise capital immediately.
Further, he says the CEO will have to manage the impact of the potential elimination of all minority business programs due to the fallout over affirmative action programs, which could affect Carver’s business base.
“I think a younger person will be better able to deal with these issues, but this tends to go against tradition in the banking industry,” Cunningham says.
See: https://www.blackenterprise.com/carver-bancorp-launches-national-search-ceo/