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NEW YORK, May 20, 2021 /PRNewswire/ Carver Federal Savings Bank ( Carver ), a certified Minority Depository Institution ( MDI ), and the New Rochelle-White Plains Alumni Chapter of the Kappa Alpha Psi Fraternity Inc. ( NRWP Kappas ) have entered a partnership to advocate for greater economic empowerment and social justice in communities of color across the Greater New York City and Westchester Metro areas.
The partnership aims to promote financial education, workplace inclusion, and community engagement to improve economic opportunities for minority communities that have been hit hard during the COVID-19 pandemic. Carver and NRWP Kappas will also explore academic scholarship and internship opportunities for local minority youth and look to engage the larger business community in supporting job training, business networking, and more significant philanthropy in communities of color.
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Carver Federal Savings Bank s Customers Can Now Access Wells Fargo s Nationwide Network of ATMs
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NEW YORK, May 17, 2021 /PRNewswire/ Carver Federal Savings Bank ( Carver or the Bank ), a certified Minority Depository Institution, announced today that its customers can make withdrawals at Wells Fargo s nationwide ATM network without incurring a surcharge fee. This service, being offered by Wells Fargo to Carver customers, is effective immediately. Carver s partnership with Wells Fargo will provide our customers with enhanced access points to their money nationwide at a time in which the economy is re-opening, said Michael T. Pugh, President, and CEO of Carver. Combined with the Allpoint ATM Network service, our customers can now make withdrawals, transfer funds, and check account balances at more than 80,000 ATMs worldwide without incurring a surcharge fee.
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(PRNewsfoto/Carver Bancorp, Inc.)
NEW YORK, Feb. 23, 2021 /PRNewswire/ Carver Bancorp, Inc. (the Company ) (Nasdaq: CARV), the holding company for Carver Federal Savings Bank ( Carver ), a certified Minority Depository Institution ( MDI ), announced today that JPMorgan Chase (NYSE: JPM) has made a long-term equity investment of approximately $6 million in common and preferred shares of the Company. JPMorgan Chase s equity investment represents approximately 3.4 percent of the Company s issued and outstanding common stock at purchase. In addition, the investment includes 5,000 shares of the Company s Series F preferred stock.
Carver expects to utilize the majority of the proceeds from JPMorgan Chase s investment to ramp up its lending activities to Minority and Women Business Entrepreneurs ( MWBEs ) and expand its financial education programs in the diverse low-to-moderate income communities it serves. Carver will also explore new initiatives that create economic empowerment in
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