Business Description
Carver Bancorp, Inc., a Delaware corporation, is the holding company for Carver
Federal Savings Bank, a federally chartered savings bank. The Company is headquartered
in New York, New York. The Company conducts business as a unitary savings and
loan holding company, and the principal business of the Company consists of the
operation of its wholly-owned subsidiary, Carver Federal. Carver Federal was founded
in 1948 to serve African-American communities whose residents, businesses and
institutions had limited access to mainstream financial services. The Bank remains
headquartered in Harlem, and predominantly all of its ten branches and four stand-alone
24/7 ATM centers are located in low- to moderate-income neighborhoods. Many of
these historically underserved communities have experienced unprecedented growth
and diversification of incomes, ethnicity and economic opportunity, after decades
of public and private investment.
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