Welcome to our dedicated page for Carver Bancorp news (Ticker: CARV), a resource for investors and traders seeking the latest updates and insights on Carver Bancorp stock.
Carver Bancorp, Inc. reports developments as the holding company for Carver Federal Savings Bank, a certified Community Development Financial Institution and designated Minority Depository Institution. News about CARV centers on community-bank strategy, executive appointments, capital planning, and actions involving trust preferred securities and common stock.
Recurring updates also cover board modernization, director nominations, annual meeting procedures, shareholder engagement, and the company’s transition to OTC trading. These items reflect Carver’s focus on governance, regulatory expertise, capital structure, and financial-performance management within an urban community banking model.
Carver Bancorp (OTCQB: CARV) announced that stockholders elected director nominees Keith Mestrich and Donald Felix to the Board at the May 21, 2026 Annual Meeting.
Each nominee received more than 90% of votes cast, supporting the Board’s ongoing transformation plan and long-term value focus.
Carver Bancorp (OTCQB: CARV) announced two board nominees for the 2026 Annual Meeting: Keith Mestrich, a turnaround banking executive, and Donald Felix, Carver's current CEO, nominated to join the Board. Two current directors, Pazel G. Jackson Jr. and Robin L. Nunn, will not stand for re-election.
The company urges stockholders to vote using the WHITE proxy card for the May 21, 2026 virtual meeting; a proxy statement and WHITE card were mailed April 24, 2026.
Carver Bancorp (OTCQB: CARV) appointed Lisa Robinson Smith as Chief Financial Officer effective March 23, 2026, promoting her from Deputy CFO. The move supports Carver's transformation into a modern urban community bank and emphasizes stronger financial planning, capital management, and sustainable profitability.
Recent strategic actions include conversion of over $1 million in trust preferred interest into 524,826 common shares, commencement of trading on OTC Markets, and a board modernization plan targeting 75% director turnover over three years.
Carver Bancorp (OTCQB: CARV) announced an agreement with institutional holders of its Trust Preferred Securities to forgive in excess of $1 million of accrued interest in exchange for 524,826 shares of common stock. The Exchange is intended to strengthen capital, reduce debt overhang and improve flexibility for growth.
The transaction remains subject to customary approvals and was advised by Performance Trust Capital Partners.
Carver Bancorp (OTCQB: CARV) updated shareholders on its engagement with Dream Chasers Capital Group regarding director nominations for the May 21, 2026 Annual Meeting. Dream Chasers submitted nominations twice; the Board, after counsel review, determined both submissions failed to satisfy the advance notice provisions of the Company bylaws.
The Company said it provided detailed deficiency notices, reiterated the nomination deadline, offered to engage on a mutually agreeable resolution to Board composition, and stated Dream Chasers declined constructive dialogue while the Company remains open to a resolution.
Carver Bancorp (OTCQB: CARV) announced its Annual Meeting of Stockholders will be held on May 21, 2026. The company said it will provide additional meeting details later.
Stockholders who wish to nominate directors or bring other business for consideration must follow the company’s Second Amended and Restated Bylaws. If the meeting date is on or after the prior year’s anniversary, written Notice must be delivered to or received by the Secretary on or before February 20, 2026, which is 90 days prior to the Annual Meeting. The Notice procedures are set out in Article II, Sections 11 and 13 of the Bylaws.
Carver Bancorp (OTCQB: CARV) commenced trading on OTC Markets effective Dec 8, 2025, allowing stockholders to access quotes and volume on www.OTCmarkets.com and other public platforms. Management says the move is meant to provide greater flexibility to improve operational excellence, accelerate growth and enhance capital position.
The company named Jason Sisack as a senior executive, committed to refresh 75% of the board over three years, and reduced director cash compensation by 50%, citing expected cost savings from de-listing from the SEC and Nasdaq. Carver will publish an annual audited report and quarterly interim financials at www.carverbank.com and will continue filing quarterly FFIEC Call Reports.
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