Carver Bancorp INC

Carver Bancorp, Inc. announced its voluntary decision to delist its common stock from Nasdaq and deregister with the SEC, moving to the OTCQX Market.

Carver Bancorp, Inc. announced a comprehensive board modernization initiative, including significant director turnover and enhanced governance practices, to transform into a modern urban community bank.

Carver Bancorp's subsidiary, Carver Federal Savings Bank, has entered into a formal agreement with the Office of the Comptroller of the Currency (OCC) to address strategic planning and earnings performance.

Carver Bancorp has certified the results of its annual meeting, confirming the re-election of two directors and the approval of key proposals, while emphasizing a commitment to improved profitability.

Carver Bancorp's 2024 Annual Meeting saw the approval of an equity incentive plan, the election of two directors, and the ratification of the company's independent auditors, while an advisory vote on executive compensation failed to pass.

Carver Bancorp has announced the appointment of Donald Felix as its new President and CEO, effective November 1, 2024, bringing over 25 years of banking experience to the role.

Carver Bancorp, Inc. reported an increased net loss for the quarter and its capital ratios fell below Individual Minimum Capital Ratio requirements.

Carver Bancorp, Inc. reported a significantly reduced net loss for Q1 2025, but failed to meet key regulatory capital requirements and deferred an interest payment on subordinated debt.

Carver Bancorp, Inc. announces a net loss of $5.6 million for the quarter ended December 31, 2024, compared to a net income of $19 thousand for the same period last year.

Carver Bancorp reported a net loss for the second quarter of 2024, impacted by increased interest expenses and a challenging economic environment.

Carver Bancorp reported a net loss of $2.2 million for the quarter ended June 30, 2024, impacted by increased interest and non-interest expenses.

Carver Bancorp's latest quarterly report reveals a complex financial picture with increased deposits and loan growth offset by a net loss and a challenging economic environment.

Carver Bancorp, Inc. filed an amendment to its annual report to include previously omitted information regarding its directors, executive officers, compensation, and corporate governance.

Carver Bancorp, Inc. reported a net loss of $13.7 million for fiscal year 2025, a substantial increase from the prior year's $3.0 million loss, driven by higher interest expenses, increased non-interest expenses, and a rise in credit loss provisions, alongside a formal agreement with the OCC.

Carver Bancorp filed an amendment to its annual report to include previously omitted information regarding directors, executive officers, and corporate governance.

Carver Bancorp concludes fiscal year 2024 with a net loss of $3.0 million, showing improvement over the previous year's $4.4 million loss, amidst a challenging economic climate.

Donald Felix, President and CEO of Carver Bancorp, acquired 58,139 shares of restricted stock on February 27, 2025, vesting fully on February 27, 2026.

Carver Bancorp's President and CEO, Donald Felix, purchased 26,946 shares of common stock at $1.67 per share.

Director Kenneth Knuckles of Carver Bancorp Inc. acquired 8,982 shares of common stock at $1.67 per share on November 25, 2024.

Craig C MacKay, a director at Carver Bancorp, purchased 59,880 shares of common stock at $1.67 per share on November 25, 2024.

Director Colvin Grannum of Carver Bancorp Inc. purchased 11,976 shares of common stock at $1.67 per share on November 25, 2024.

A director of Carver Bancorp, Jackson Pazel G Jr, purchased 8,982 shares of common stock at a price of $1.67 per share on November 25, 2024.

Carver Bancorp announces a comprehensive board modernization initiative, including significant director turnover and enhanced governance practices, to align with leading companies.

Carver Bancorp is navigating a proxy contest while implementing a turnaround strategy under its new CEO, Donald Felix, who has received endorsement from Institutional Shareholder Services (ISS).

Leading proxy advisory firm ISS recommends Carver Bancorp stockholders vote for the company's director nominees, citing a lack of compelling case for change from dissident group Dream Chasers.

Carver Bancorp is urging shareholders to reject the nomination of two Dream Chasers Capital Group candidates to the board, citing a lack of experience and potential reputational risks.

Dream Chasers Capital Group is soliciting proxies to elect two nominees to Carver Bancorp's board at the upcoming 2024 annual meeting.

Carver Bancorp is urging shareholders to re-elect its current directors, Kenneth J. Knuckles and Jillian E. Joseph, at the upcoming Annual Shareholders Meeting on December 12, 2024, amidst a challenge from Dream Chasers Capital Group.

Barry Mann, CFO of Spring Bank, has increased his beneficial ownership in Carver Bancorp Inc. to 12.0%, citing undervaluation and intent to improve shareholder value.

Detyga LLC and Dennis D. Etzkorn have increased their beneficial ownership in Carver Bancorp Inc. to 7.4% through recent open-market purchases.

Detyga LLC and Dennis D. Etzkorn have acquired a 5.3% stake in Carver Bancorp Inc., citing undervaluation and expressing strong opposition to the company's proposed delisting.

Barry Mann, CFO of Spring Bank, has increased his beneficial ownership in Carver Bancorp Inc. to 9.6%, citing undervaluation and a desire to support management's strategic plan.

Barry J. Mann, Carver Bancorp's largest shareholder, increased his stake to 8.5% and plans to engage with management to enhance shareholder value.

Barry Mann, CFO of Spring Bank, has increased his beneficial ownership in Carver Bancorp Inc. to 7.2%, citing undervaluation and plans to engage with management to enhance shareholder value.