Mr. Thomas L. Clark Jr. This is Me

 Web References

1. 1. The Urban Network

   www.urbannetwork.com/moneymatt - [Cached]

   Published on: 2/19/2005   Last Visited: 10/5/2006

   CEO Thomas Clark has orchestrated Carver's conversion to a community development bank, which should lead to the origination of more loans (See "The Reinventing of Carver Federal," this issue).
   ...
   Now that the bank seems prepared to use its lending strength, Clark says, "we plan to achieve a 50/50 split between investments in actual mortgages and mortgage instruments."
   
   City National is establishing itself as a lending leader among black financial institutions.
   ...
   "In the past we were the lender of last resort, we want to change that," says Clark of Carver Federal.

2. 2. Repositioning Carver Federal (Cipra95)

   www.prcentral.com/cipra/c95car - [Cached]

   Published on: 6/25/1999   Last Visited: 8/11/2000

   In January 1995, we prepared and distributed a press release announcing Thomas L. Clark, Jr. becoming the new president of Carver. Since management had never made presentations before analysts, we arranged for them to attend a Smith Barney conference in New York to hear representatives of other thrifts speak. An ongoing dialogue was maintained with the investment community to constantly gain new insights and continually refine the specific plans of action within the core program while adhering to the basic goal of enhancing Carver's credibility and positioning it as an investment opportunity.
   
   Development of Campaign Strategy
   
   Although Carver Federal had been serving its communities for nearly fifty years, it was still a relatively unknown entity to Wall Street.
   ...
   We launched the investor relations program by introducing Thomas L. Clark, Jr., the new president of Carver Federal, to key financial analysts and media to generate greater awareness of the Bank and investor interest. We worked to position Carver as a thrift which would get more involved in New York City's economic development by entering into joint projects with larger banks and financial institutions to build or rehabilitate affordable housing, make mortgages or lend to other projects. Because Carver is solidly entrenched in the Harlem community, we were able to leverage it as an opportunity for larger banks because of the Community Reinvestment Act.
   
   Carver's location and service to the Harlem community made it a natural benefit to large financial institutions needing to meet CA requirements. To support the investor relations activities, media coverage by both financial and African-American publications was essential. The African-American press would be the avenue to reach depositors and customers within the communities served by Carver.
   ...
   As Carver did not have the financial fundamentals to use as a selling point to Wall Street, we decided to focus the program on Tom Clark and the future of Carver.
   
   Execution of the Campaign
   
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   We laid out a strategy for Carver with these analysts and arranged for secondary meetings with Tom Clark as soon he became president.
   
   ...
   Interviews with major New York-based media including The New York Times, Crain's Now York Business, The New York Daily News, The New York Post and The Amsterdam News were arranged with Thomas L. Clark, Jr. as the first phase of the program. One-on-one meetings were arranged with key members of the New York financial community to gain support for the stock.
   
   Carver investors who had acquired stock positions at the offering price of $10 were calling the bank expressing their concern and disappointment at the stock's decline to $6. All calls were responded to directly by our office (a minimum of 15-25 calls per day) to answer questions, explain the reasons for the decline in stock price, and discuss the future potential of Carver to haft the selling and generate buying. We provided crisis management support to Carver when its first annual meeting had to be adjourned due to insufficient shareholder votes for management recognition plans.
   
   ...
   Through a series of strategic meetings with analysts and money managers combined with ongoing media interviews with Tom Clark, the stock continued to rebound.
   
   Based upon our recommendation that Carver announce plans to consider the formation of a holding company and the initiation of a stock buyback program, the stock reached its all time high of $11 in September 1995. Despite Tom Clark's twenty-five year career in banking, he was not well known by the financial community or media. As a result of our efforts to promote Tom Clark as the force to drive Carver into the future, he is now recognized as one of the premiere African-American bankers in the United States.
   
   The success of Carver Federal's investor relations program is the result of a combination of media and analyst contact, ongoing efforts to outreach to the financial community, and positioning Carver as a community bank with a solid history and future growth potential. It is a program which has benefited the Bank and its shareholders.
   
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3. 3. NCC Matches Helmsley $500,000

   www.ncccusa.org/news/newsfour. - [Cached]

   Published on: 1/16/1998   Last Visited: 11/19/2001

   "Putting this money at Carver goes beyond building burned churches to rebuilding communities," said Thomas Clark Jr., President and CEO of Carver Federal Savings Bank. "We have prided ourselves in being the urban community development bank, and have 49 years of continuous operation in this community."
   
   "This institution was started by church people who were visionaries," Mr. Clark said. "We continue to think of ourselves as an institution of believers. . . . We believe in the 'O' word - opportunities. Burning churches is really a sickness that goes at the heart of our beliefs."
   
   NCC Continues to Rebuild Churches and Communities
   
   The NCC-initiated Burned Churches Fund is supported by a broad ecumenical and interfaith community that includes Christian, Jewish and Muslim bodies.