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 (NASDAQ: CARV) announced it will voluntarily delist from Nasdaq and deregister its common stock with the SEC, and intends to list on OTCQX under the symbol CARV.
The company plans to file Form 25 on or about Nov 28, 2025, expects the last Nasdaq trading day on or about Dec 5, 2025, and expects OTCQX quotation beginning on or about Dec 8, 2025. The company also intends to file Form 15 on or about Dec 8, 2025; SEC periodic reporting will be suspended immediately on filing and will terminate when deregistration becomes effective 90 days after Form 15 is filed.
The company said the move will reduce recurring operating expenses, provide greater flexibility to pursue strategic initiatives, and that it will continue to provide an annual audited report and post quarterly interim information on its website; Call Reports will continue to be filed with the OCC.
Carver Bancorp (Nasdaq: CARV) announced a comprehensive board modernization initiative on November 5, 2025 to align governance with leading companies as it transforms into a modern urban community bank.
Key actions include a 75% board refresh over the next 12 quarters (subject to regulatory approvals), a 50% reduction in cash director compensation with an equity retainer and elimination of per-meeting fees, annual skills-based recruitment and director performance reviews, a 15-year tenure cap effective April 2026, and an age limit of 75. The company also named Jason Sisack, former OCC Assistant Deputy Comptroller with >25 years of regulatory experience, as senior enterprise risk management advisor to the CEO.
Dream Chasers urged Carver Bancorp (NYSE:CARV) and the public on November 4, 2025 to support victims of Hurricane Melissa in Jamaica and the Caribbean by donating to charities of their choice.
The group requested Carver's CEO and board to launch an online relief donation drive, coordinate with financial partners and charities, and designate seven NYC branches as drop-off sites for supplies. Dream Chasers clarified it is not accepting donations and listed recommended charities while advising donors to perform due diligence.
Carver Bancorp (Nasdaq: CARV) appointed Jason Sisack as Senior Enterprise Risk Management Advisor, effective Nov 4, 2025, reporting to President and CEO Donald Felix.
Mr. Sisack brings 25+ years of experience at the Office of the Comptroller of the Currency, including service as Assistant Deputy Comptroller for the Atlanta and NYC field offices from 2015–2025. He will support Carver's strategic transformation by focusing on enhanced risk management, asset quality, balance sheet strategies, governance, and sustainable profitability while advancing the bank's mission as a CDFI and Minority Depository Institution.
Dream Chasers Capital Group (DCCG), Carver Bancorp's (NASDAQ:CARV) largest shareholder with a 9.7% stake, is seeking potential buyers or partners to acquire a controlling interest in the bank. This call for sale comes as Carver faces regulatory challenges, with a recent June 2025 OCC order addressing unsafe practices related to strategic planning and earnings performance.
The bank's current situation shows concerning metrics: $30M in losses, $40M in capital destruction since 2020, and an 80% stock price decline. DCCG highlights Carver's assets including $700M in assets, $600M in deposits, CDFI certification, and partnerships with JP Morgan and Morgan Stanley. The fund proposes a new business model focusing on digital strategy, crypto services, and structural changes including board reconfiguration and performance-based compensation.
Carver Bancorp (NASDAQ:CARV), a community bank and Community Development Financial Institution (CDFI), commemorated Juneteenth by ringing the Nasdaq Opening Bell on June 20, 2025. CEO Donald Felix highlighted the bank's 77-year legacy of serving historically under-resourced communities in New York.
The event followed Felix's participation in a Treasury Department roundtable discussing how community banks can drive small business growth and household financial wellness. Founded in 1948, Carver focuses on reinvesting deposits into local communities, supporting small-to-mid-sized businesses, and expanding financial access to everyday New Yorkers.
The bank is currently undergoing transformation efforts to enhance lending capabilities, invest in technology, and build a sustainable path to profitability while maintaining its community-focused mission.
Carver Bancorp (NASDAQ: CARV) has certified the results of its Annual Meeting held on December 12, 2024. Stockholders re-elected directors Jillian E. Joseph and Kenneth J. Knuckles, approved the 2024 Equity Incentive Plan, and ratified BDO USA, LLP as independent auditors for fiscal year 2025.
The company's new CEO, Donald Felix, outlined plans for a comprehensive transformation strategy focused on restoring long-term profitability through targeted initiatives including growing core business, expanding operational capacity, and investing in technologies. The strategy also emphasizes attracting and retaining talent across all organizational levels.
Chairman Lewis P. Jones III expressed confidence in the Board's turnaround strategy and the new CEO's ability to implement changes aimed at enhancing shareholder value while maintaining the bank's commitment to the communities it has served since 1948.
Dream Chasers Capital Group announced that approximately 70% of retail shareholders supported their nominees for Carver Bancorp's (NASDAQ: CARV) Board of Directors at the December 12, 2024 Annual Meeting. The voting was controversially extended by 45 minutes beyond the deadline. Dream Chasers is demanding transparency regarding the vote counts and any last-minute communications with large shareholders. They're calling for the immediate appointment of Jeffrey Anderson and Jeffrey Bailey to the Board, citing the preliminary results showing their nominees received similar vote counts as sitting Directors. Additionally, the advisory say-on-pay matter failed according to preliminary results, indicating shareholder dissatisfaction with compensation management.