Financial Services - Banks - Regional - NASDAQ - US
$ 1.71
1.18 %
$ 8.79 M
Market Cap
-2.37
P/E
Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts. The company also provides lending products, such as one-to-four family residential, multifamily real estate, and commercial real estate lending; and construction, business and small business administration, and consumer and other loans. In addition, it offers other consumer and commercial banking products and services, including debit cards, online account opening and banking, online bill pay, and telephone banking, as well as check cashing, wire transfer, bill payment, reloadable prepaid card, and money order services.[ Read More ]
The intrinsic value of one CARV stock under the base case scenario is HIDDEN Compared to the current market price of 1.71 USD, Carver Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CARV
FINANCIALS
29.2 M
REVENUE
0
OPERATING INCOME
-2.98 M
NET INCOME
-6.57 M
OPERATING CASH FLOW
-20.1 M
INVESTING CASH FLOW
43.1 M
FINANCING CASH FLOW
9.83 M
REVENUE
0
OPERATING INCOME
-2.11 M
NET INCOME
-3.03 M
OPERATING CASH FLOW
8.87 M
INVESTING CASH FLOW
2.36 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Carver Bancorp, Inc.
| Current Assets | 59 M |
| Cash & Short-Term Investments | 59 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 694 M |
| Long-Term Investments | 9.41 M |
| PP&E | 12.4 M |
| Other Non-Current Assets | 672 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 714 M |
| Long-Term Debt | 29 M |
| Other Non-Current Liabilities | 685 M |
EFFICIENCY
Earnings Waterfall
Carver Bancorp, Inc.
| Revenue | 29.2 M |
| Cost Of Revenue | 0 |
| Gross Profit | 29.2 M |
| Operating Expenses | 29.3 M |
| Operating Income | 0 |
| Other Expenses | 2.98 M |
| Net Income | -2.98 M |
RATIOS
100.00%
GROSS MARGIN
0.00%
OPERATING MARGIN
-10.19%
NET MARGIN
-7.04%
ROE
-0.39%
ROA
0.00%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Carver Bancorp, Inc.
| Net Income | -2.98 M |
| Depreciation & Amortization | 965 K |
| Capital Expenditures | -360 K |
| Stock-Based Compensation | 220 K |
| Change in Working Capital | -5.35 M |
| Others | -4.78 M |
| Free Cash Flow | -6.93 M |
Wall Street Analysts Price Targets
Carver Bancorp, Inc.
CARV has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.375 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Carver Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.67 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
8 months ago
Feb 27, 2024
|
Bought 1.67 K USD
|
MacKay Craig C
Director |
+ 1000
|
1.67 USD |
|
1 year ago
Mar 14, 2023
|
Bought 1.89 K USD
|
MacKay Craig C
Director |
+ 450
|
4.2 USD |
|
1 year ago
Dec 19, 2022
|
Bought 1.82 K USD
|
MacKay Craig C
Director |
+ 450
|
4.04 USD |
|
2 years ago
Nov 19, 2021
|
Sell 16.1 K USD
|
Maier Christina L
CFO |
- 1209
|
13.3123 USD |
|
3 years ago
Aug 26, 2021
|
Sell 42.5 K USD
|
Haliotis Sophia
SVP and CCO |
- 2428
|
17.5 USD |
|
3 years ago
Aug 24, 2021
|
Sell 55.8 K USD
|
Pugh Michael T.
President & CEO |
- 3036
|
18.38 USD |
|
3 years ago
Aug 24, 2021
|
Sell 46.1 K USD
|
Torres Isaac
SVP and GC |
- 2542
|
18.15 USD |
|
3 years ago
Feb 24, 2021
|
Bought 782 USD
|
MacKay Craig C
Director |
+ 79
|
9.9 USD |
|
3 years ago
Feb 24, 2021
|
Bought 208 USD
|
MacKay Craig C
Director |
+ 21
|
9.89 USD |
|
3 years ago
Nov 30, 2020
|
Sell 2.16 K USD
|
Jones Lewis P. III
Director |
- 300
|
7.19 USD |
|
3 years ago
Dec 01, 2020
|
Sell 1.43 K USD
|
Jones Lewis P. III
Director |
- 200
|
7.17 USD |
|
5 years ago
Nov 19, 2019
|
Sell 7.96 K USD
|
Haliotis Sophia
SVP and CCO |
- 1214
|
6.56 USD |
|
4 years ago
Sep 10, 2020
|
Sell 7.05 K USD
|
Torres Isaac
SVP and GC |
- 1100
|
6.41 USD |
|
4 years ago
Sep 02, 2020
|
Sell 600 USD
|
Pugh Michael T.
President & CEO |
- 100
|
6 USD |
|
6 years ago
Sep 13, 2018
|
Bought 419 USD
|
Mooney Robert W
Director |
+ 100
|
4.19 USD |
|
6 years ago
Sep 13, 2018
|
Bought 18.9 K USD
|
Mooney Robert W
Director |
+ 4300
|
4.3857 USD |
|
6 years ago
Sep 13, 2018
|
Bought 439 USD
|
Mooney Robert W
Director |
+ 100
|
4.39 USD |
|
8 years ago
Dec 11, 2015
|
Sell 16.7 K USD
|
WRIGHT DEBORAH C
Director |
- 4130
|
4.0488 USD |
|
9 years ago
Aug 19, 2015
|
Bought 6.05 K USD
|
WRIGHT DEBORAH C
Director |
+ 1000
|
6.0489 USD |
|
9 years ago
Aug 17, 2015
|
Bought 585 USD
|
Pugh Michael T.
President & CEO |
+ 100
|
5.85 USD |
|
9 years ago
Feb 25, 2015
|
Bought 750 USD
|
Toner David L.
First SVP and CFO |
+ 125
|
6 USD |
|
9 years ago
Dec 15, 2014
|
Bought 986 USD
|
Toner David L.
First SVP and CFO |
+ 136
|
7.25 USD |
|
9 years ago
Dec 15, 2014
|
Bought 116 USD
|
Toner David L.
First SVP and CFO |
+ 16
|
7.25 USD |
|
9 years ago
Dec 09, 2014
|
Bought 7.39 K USD
|
WRIGHT DEBORAH C
Chairman and CEO |
+ 966
|
7.65 USD |
|
9 years ago
Dec 08, 2014
|
Bought 255 USD
|
WRIGHT DEBORAH C
Chairman and CEO |
+ 34
|
7.5 USD |
|
11 years ago
Nov 13, 2013
|
Sell 6.69 K USD
|
WRIGHT DEBORAH C
Chairman and CEO |
- 1000
|
6.687 USD |
|
15 years ago
Mar 11, 2009
|
Sell 356 USD
|
JACKSON PAZEL G JR
Director |
- 200
|
1.78 USD |
|
16 years ago
Aug 28, 2008
|
Bought 769 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.69 USD |
|
16 years ago
Aug 27, 2008
|
Bought 767 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.67 USD |
|
16 years ago
Aug 26, 2008
|
Bought 738 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.38 USD |
|
16 years ago
Aug 25, 2008
|
Bought 726 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.26 USD |
|
16 years ago
Aug 22, 2008
|
Bought 774 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.74 USD |
|
16 years ago
Aug 21, 2008
|
Bought 774 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
7.74 USD |
|
16 years ago
Aug 20, 2008
|
Bought 800 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
8 USD |
|
16 years ago
Aug 19, 2008
|
Bought 845 USD
|
HOLLAND ROBERT JR
Director |
+ 100
|
8.45 USD |
|
16 years ago
Jun 13, 2008
|
Bought 117 USD
|
Ifill Susan M.
SVP, CHIEF RETAIL OFFICER |
+ 13
|
8.99 USD |
|
16 years ago
Jun 13, 2008
|
Bought 4.88 K USD
|
Ifill Susan M.
SVP, CHIEF RETAIL OFFICER |
+ 542
|
9 USD |
|
16 years ago
Jun 16, 2008
|
Bought 1.35 K USD
|
Koehler Charles F
EVP, Business Development Ofcr |
+ 150
|
8.99 USD |
|
16 years ago
Jun 17, 2008
|
Bought 9 K USD
|
WRIGHT DEBORAH C
CHAIRMAN, PRESIDENT & CEO |
+ 1000
|
9 USD |
|
16 years ago
Jun 17, 2008
|
Bought 4.5 K USD
|
RUGGIERO EDWARD B
Director |
+ 500
|
9 USD |
|
16 years ago
Jun 17, 2008
|
Bought 288 USD
|
RUGGIERO EDWARD B
Director |
+ 31
|
9.3 USD |
|
16 years ago
Jun 17, 2008
|
Bought 1.74 K USD
|
RUGGIERO EDWARD B
Director |
+ 195
|
8.9 USD |
|
16 years ago
Jun 17, 2008
|
Bought 2.4 K USD
|
RUGGIERO EDWARD B
Director |
+ 274
|
8.75 USD |
|
16 years ago
Jun 17, 2008
|
Bought 2.7 K USD
|
RUGGIERO EDWARD B
Director |
+ 300
|
8.999 USD |
|
16 years ago
Jun 17, 2008
|
Bought 1.79 K USD
|
RUGGIERO EDWARD B
Director |
+ 200
|
8.94 USD |
|
16 years ago
Jun 10, 2008
|
Bought 1.94 K USD
|
Pinnock Blondel
SENIOR VICE PRESIDENT |
+ 200
|
9.715 USD |
|
16 years ago
Jun 13, 2008
|
Bought 117 USD
|
Ifill Susan M.
SVP, CHIEF RETAIL OFFICER |
+ 13
|
8.99 USD |
|
16 years ago
Jun 13, 2008
|
Bought 4.88 K USD
|
Ifill Susan M.
SVP, CHIEF RETAIL OFFICER |
+ 542
|
9 USD |
|
17 years ago
Jun 07, 2007
|
Bought 495 USD
|
Ifill Susan M.
SVP, CHIEF RETAIL OFFICER |
+ 30
|
16.5 USD |
|
16 years ago
Jun 17, 2008
|
Bought 9 K USD
|
WRIGHT DEBORAH C
CHAIRMAN, PRESIDENT & CEO |
+ 1000
|
9 USD |
|
16 years ago
Jun 16, 2008
|
Bought 1.35 K USD
|
Koehler Charles F
EVP, Chief Lending Officer |
+ 150
|
8.99 USD |
|
16 years ago
Jun 02, 2008
|
Bought 453 USD
|
Koehler Charles F
EVP, Chief Lending Officer |
+ 50
|
9.05 USD |
|
16 years ago
Jun 10, 2008
|
Bought 7.32 K USD
|
WRIGHT DEBORAH C
CHAIRMAN, PRESIDENT & CEO |
+ 804
|
9.1 USD |
|
16 years ago
Jun 10, 2008
|
Bought 6.16 K USD
|
WRIGHT DEBORAH C
CHAIRMAN, PRESIDENT & CEO |
+ 696
|
8.85 USD |
|
16 years ago
Jun 05, 2008
|
Bought 6.5 K USD
|
Swan Roy
EVP AND CFO |
+ 722
|
9 USD |
|
16 years ago
Jun 05, 2008
|
Bought 2.5 K USD
|
Swan Roy
EVP AND CFO |
+ 278
|
8.99 USD |
|
16 years ago
Dec 06, 2007
|
Bought 14.9 K USD
|
BASON JAMES H
SVP & CHIEF LENDING OFFICER |
+ 1000
|
14.89 USD |
|
16 years ago
Dec 05, 2007
|
Bought 1.53 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 102
|
14.99 USD |
|
16 years ago
Dec 05, 2007
|
Bought 4.57 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 305
|
14.98 USD |
|
16 years ago
Dec 05, 2007
|
Bought 2.89 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 193
|
14.97 USD |
|
16 years ago
Dec 05, 2007
|
Bought 4.46 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 300
|
14.855 USD |
|
16 years ago
Dec 05, 2007
|
Bought 1.48 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 100
|
14.8475 USD |
|
16 years ago
Dec 05, 2007
|
Bought 3.73 K USD
|
WRIGHT DEBORAH C
PRESIDENT & CEO |
+ 250
|
14.9075 USD |
|
16 years ago
Dec 04, 2007
|
Bought 1.5 K USD
|
Swan Roy
EVP AND CFO |
+ 100
|
14.99 USD |
|
16 years ago
Dec 04, 2007
|
Bought 5.99 K USD
|
Swan Roy
EVP AND CFO |
+ 400
|
14.98 USD |
|
16 years ago
Dec 04, 2007
|
Bought 1.5 K USD
|
Swan Roy
EVP AND CFO |
+ 100
|
14.97 USD |
|
16 years ago
Dec 04, 2007
|
Bought 9.73 K USD
|
Swan Roy
EVP AND CFO |
+ 650
|
14.9699 USD |
|
17 years ago
Jun 15, 2007
|
Bought 12.8 K USD
|
Daniel Samuel J
Director |
+ 800
|
16 USD |
|
17 years ago
Jun 19, 2007
|
Bought 16 K USD
|
RUGGIERO EDWARD B
Director |
+ 1000
|
15.95 USD |
|
17 years ago
Jun 15, 2007
|
Bought 16 K USD
|
Swan Roy
Chief Financial Officer |
+ 1000
|
16 USD |
|
17 years ago
Jun 15, 2007
|
Bought 11.2 K USD
|
WRIGHT DEBORAH C
President & CEO |
+ 700
|
16.05 USD |
|
17 years ago
Jun 15, 2007
|
Bought 1.61 K USD
|
WRIGHT DEBORAH C
President & CEO |
+ 100
|
16.08 USD |
|
17 years ago
Jun 15, 2007
|
Bought 3.2 K USD
|
WRIGHT DEBORAH C
President & CEO |
+ 200
|
16 USD |
|
19 years ago
May 12, 2005
|
Sell 45.6 K USD
|
PETERSON MARGARET D
SVP & Chief HR Officer |
- 2590
|
17.6 USD |
|
19 years ago
May 10, 2005
|
Sell 9.29 K USD
|
DUNN LINDA J
SVP & General Counsel |
- 525
|
17.7 USD |
|
19 years ago
May 12, 2005
|
Sell 65.1 K USD
|
DUNN LINDA J
SVP & General Counsel |
- 3700
|
17.6 USD |
|
20 years ago
Nov 10, 2004
|
Sell 5.33 K USD
|
MAHER BRIAN J
SVP & Chief Credit Officer |
- 285
|
18.7 USD |
|
20 years ago
Nov 10, 2004
|
Sell 23.4 K USD
|
MAHER BRIAN J
SVP & Chief Credit Officer |
- 1250
|
18.7 USD |
|
20 years ago
Aug 12, 2004
|
Sell 32.1 K USD
|
WOOLCOCK DEVON
SVP and Chief Retail Officer |
- 1767
|
18.15 USD |
|
20 years ago
Aug 12, 2004
|
Sell 24.2 K USD
|
WOOLCOCK DEVON
SVP and Chief Retail Officer |
- 1333
|
18.15 USD |
|
20 years ago
Aug 12, 2004
|
Sell 7.6 K USD
|
WOOLCOCK DEVON
SVP and Chief Retail Officer |
- 403
|
18.86 USD |
|
20 years ago
Aug 12, 2004
|
Sell 622 USD
|
WOOLCOCK DEVON
SVP and Chief Retail Officer |
- 33
|
18.86 USD |
|
20 years ago
Aug 12, 2004
|
Bought 1.89 K USD
|
MODDY CAROL BALDWIN
Director |
+ 100
|
18.91 USD |
|
20 years ago
Aug 12, 2004
|
Bought 1.9 K USD
|
MODDY CAROL BALDWIN
Director |
+ 100
|
18.95 USD |
|
20 years ago
Aug 11, 2004
|
Sell 3.3 K USD
|
BASON JAMES H
SVP & Chief Lending Officer |
- 173
|
19.05 USD |
|
20 years ago
Aug 13, 2004
|
Bought 3.66 K USD
|
PAPAYIANNIS CATHERINE A
EVP & COO |
+ 200
|
18.3 USD |
|
20 years ago
Aug 11, 2004
|
Bought 19.2 K USD
|
DEATON FRANK
SVP & Chief Auditor |
+ 1000
|
19.2 USD |
|
20 years ago
Aug 04, 2004
|
Sell 1.2 K USD
|
DEATON FRANK
SVP & Chief Auditor |
- 64
|
18.71 USD |
|
20 years ago
Aug 06, 2004
|
Sell 18.5 USD
|
DEATON FRANK
SVP & Chief Auditor |
- 1
|
18.5 USD |
|
20 years ago
Aug 04, 2004
|
Sell 1.16 K USD
|
MAHER BRIAN J
SVP & Chief Credit Officer |
- 62
|
18.71 USD |
|
20 years ago
Aug 06, 2004
|
Sell 18.5 USD
|
MAHER BRIAN J
SVP & Chief Credit Officer |
- 1
|
18.5 USD |
|
20 years ago
Aug 04, 2004
|
Sell 1.57 K USD
|
WOOLCOCK DEVON
SVP & Chief Retail Officer |
- 84
|
18.71 USD |
|
20 years ago
Aug 04, 2004
|
Sell 8.19 K USD
|
PAPAYIANNIS CATHERINE A
EVP & COO |
- 438
|
18.71 USD |
|
20 years ago
Aug 06, 2004
|
Sell 130 USD
|
PAPAYIANNIS CATHERINE A
EVP & COO |
- 7
|
18.5 USD |
|
20 years ago
Aug 04, 2004
|
Sell 3.27 K USD
|
GRAY WILLIAM C
SVP & Chief Financial Officer |
- 175
|
18.71 USD |
|
20 years ago
Aug 06, 2004
|
Sell 74 USD
|
GRAY WILLIAM C
SVP & Chief Financial Officer |
- 4
|
18.5 USD |
|
20 years ago
Jun 01, 2004
|
Sell 0 USD
|
TERRELL FREDERICK
Director |
- 125000
|
0 USD |
|
20 years ago
May 12, 2004
|
Sell 3.18 K USD
|
BASON JAMES H
SVP & Chief Lending Officer |
- 160
|
19.85 USD |
|
20 years ago
May 12, 2004
|
Bought 1.98 K USD
|
DUNN LINDA J
SVP & General Counsel |
+ 99
|
20 USD |
7. News
Dream Chasers, Representing 9.7% of Carver Bancorp Shares, Urges Shareholder Support of Two New Board Nominees
Confident Highly Successful, Independent Nominees Will Drive Shareholder Value Increase Dream Chasers Letter Reminds Shareholders of -80% 10-yr Stock Price Loss Under Current Directors Urges a "WITHOLD" Vote Against Carver's Non-Performing Directors Sends Proxy Material and Encourages Vote for Change by Selecting Jeffrey "Jeff" Anderson and Jeffrey John Bailey on the BLUE Proxy Card to Give Carver Best Chance to Return to Profitability Carver Lags Bank Index by 45% in the Last Year and 237% Over Last Ten Years; Only One Profitable Fiscal Year in Last Decade NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Dream Chasers Capital Group LLC ("Dream Chasers"), representing shareholders with a 9.7% stake in Carver Bancorp, Inc. (the "Company") (NASDAQ: CARV), today issued an open letter to shareholders in advance of the Company's 2024 Annual Meeting of Stockholders, set for December 12, 2024. The full text of the letter is below: Dear Fellow Carver Shareholders: Dream Chasers believes it is time for Carver Bancorp shareholders to dream big again.
prnewswire.com
- 6 days ago
CARVER BANCORP, INC. NAMES DONALD FELIX PRESIDENT AND CEO, EFFECTIVE NOVEMBER 01, 2024
Carver is a historic institution founded in 1948 to help underserved communities in New York City build wealth. Carver continues to pay its mission forward, focusing on Minority and Women Business Enterprises and the growing middle-income neighborhoods it serves.
prnewswire.com
- 2 months ago
Carver Bancorp, Inc. Interim CEO Craig C. MacKay Comments on the Bank's 2024 Fiscal Year-End Performance
NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank, released a letter from its Interim CEO Craig C. MacKay on the Bank's 2024 fiscal year-end performance: Dear Carver Shareholders: We remain optimistic about the Bank's future - Craig C.
prnewswire.com
- 3 months ago
Carver Bancorp, Inc. Announces $25 Million Revolving Loan Facility with NY Green Bank to Support Building Decarbonization Projects in New York City
NEW YORK , May 28, 2024 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank"), a certified Community Development Financial Institution and a designated Minority Depository Institution, is proud to announce the closing of a $25 million revolving senior unsecured term loan under the Community Decarbonization Fund with NY Green Bank. "Carver's collaboration with NY Green Bank enables us to leverage critical funds needed to advance clean energy and build electrification projects in communities that have historically faced financial barriers," said Craig C.
prnewswire.com
- 5 months ago
Carver Federal Savings Bank Appoints Tony Holmes as First Vice President, Retail Banking & Business Development Officer
NEW YORK , March 4, 2024 /PRNewswire/ -- Carver Federal Savings Bank ("Carver") announces the strategic appointment of Tony Holmes as First Vice President, Retail Banking & Business Development Officer. In this newly created role, Holmes brings over 20 years of experience from leading financial institutions, including JPMorgan Chase, Bank of America, and ESL Federal Credit Union, enhancing Carver's mission to serve and empower its communities.
prnewswire.com
- 8 months ago
Carver Bancorp, Inc. Definitively Rejects Dream Chasers' Offer
NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver" or the "Company"), the holding company for Carver Federal Savings Bank (the "Bank"), a certified Community Development Financial Institution ("CDFI") and designated Minority Depository Institution ("MDI"), announced today that its Board of Directors (the "Board") reviewed and thoroughly rejected an offer by Dream Chasers Capital Group ("Dream Chasers") to acquire 35% interest in Carver's common equity. The Board determined that the adverse publicly disclosed regulatory history of Dream Chasers' leadership posed unacceptable reputational risks to Carver's standing and mission credibility.
prnewswire.com
- 9 months ago
Dream Chasers Capital meets with Carver Bancorp (NASDAQ: CARV) for talks
Fund reiterate its $3.25 offer-also propose the bank merge with a Minority Broker Dealer NEW YORK , Jan. 25, 2024 /PRNewswire/ -- On January 24, 2024, Dream Chasers met with the Board of Directors of Nasdaq listed Carver Bancorp The fund made the following ask at its meeting with the Board: That the bank and Dream Chases start the immediate drafting of a Share Purchase Agreement for the acquisition of 35% of the common shares of Carver Bancorp stock. Propose a merger between Carver Bancorp and an already identified Wall Street based minority owned broker dealer –a transaction it believes would instantly transform the bank from a 75-year-old depository institution into a more full-service financial service company offering minority communities more wealth building services brokerage account which would give the banks customers the ability to now buy and sell Stocks, Options, Efts , Bonds, and also raise money to finance business start-ups and expansions.
prnewswire.com
- 9 months ago
Carver Bancorp, Inc. Interim CEO Craig C. MacKay Comments on the Bank's Recent Performance
NEW YORK , Nov. 29, 2023 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank, today released a letter from its Interim CEO Craig C. MacKay on the Bank's recent performance: November 29, 2023 Dear Carver Shareholders: Carver Federal Savings Bank's ("Carver" or the "Bank") performance for the six-month period ended September 30, 2023 highlights the continued impact of our long-term investments in people, processes, and technology.
prnewswire.com
- 11 months ago
Dream Chasers raises its offer to $3.25 per share for 35% of Nasdaq listed Carver Bancorp symbol: CARV
NEW YORK , Nov. 20, 2023 /PRNewswire/ -- Dream Chasers Capital, Carver Bancorp's largest minority shareholder, encourage investors to call and email the bank to accept its improved $3.25 per share offer-an over 100% premium to the current stock price. A public company's stock price and market capital is a reflection of how the markets sees you.
prnewswire.com
- 11 months ago
Carver Bancorp, Inc. Interim CEO Craig C. MacKay Provides Strategic Update on the Bank's Progress and Impact on the Communities it Serves
NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank") today released a letter to shareholders from its Interim CEO Craig C. MacKay that provides an update on the Bank's strategic progress and impact on the communities it serves.
prnewswire.com
- 1 year ago
New Microloan Program is Driving Economic Empowerment for Small Businesses in Brooklyn, Harlem, and Across New York City
NEW YORK , Sept. 22, 2023 /PRNewswire/ -- Carver Federal Savings Bank ("Carver"), a Community Development Financial Institution ("CDFI") and a certified Minority Depository Institution ("MDI"), is helping drive economic empowerment for small businesses in New York City through its innovative microloan program.
prnewswire.com
- 1 year ago
Leading Bank in Harlem Faces Hostile Takeover From One of its Biggest Shareholders Dream Chasers Capital
NEW YORK , Aug. 31, 2023 /PRNewswire/ -- On August 14, 2023, Dream Chasers Capital Group, one of Carver Federal Savings Bank's (NASDAQ: CARV) biggest shareholders of record with a 5.5% stake, has made a significant offer to buy 35% of the bank's shares for $3 a share, a premium above the current stock price. Dream Chasers, a New York City based minority-run Investment Fund, made the offer in a letter to Carver's Board of Directors dated August 14, 2023.
prnewswire.com
- 1 year ago
8. Profile Summary
Carver Bancorp, Inc. CARV
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 8.79 M
Dividend Yield
0.00%
Description
Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts. The company also provides lending products, such as one-to-four family residential, multifamily real estate, and commercial real estate lending; and construction, business and small business administration, and consumer and other loans. In addition, it offers other consumer and commercial banking products and services, including debit cards, online account opening and banking, online bill pay, and telephone banking, as well as check cashing, wire transfer, bill payment, reloadable prepaid card, and money order services. The company operates through one administrative office, seven branches, and four ATMs. Carver Bancorp, Inc. was founded in 1948 and is headquartered in New York, New York.
Contact
75 West 125th Street, New York, NY, 10027-4512
https://www.carverbank.com
IPO Date
Oct. 25, 1994
Employees
110
Officers
Mr. Isaac Torres
Senior Vice President, General Counsel & Corporate Secretary
Mr. Donald Felix
President, Chief Executive Officer & Director
Mr. Marc S. Winkler
Senior Vice President & Chief Administrative Officer
Ms. Christina L. Maier
First Senior Vice President & Chief Financial Officer