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Carver Bancorp Appoints Black Woman Banking and Regulatory Expert to Its Board

Regulatory compliance is essential for banks. See how the president of Carver Bancorp just named a Black woman lawyer to help it with such matters. ....

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Carver Bancorp Inc. Receives Investment from JPMorgan Chase To Support Economic Empowerment in Communities of Color

(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 empowe ....

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Carver Federal Savings Bank and John Hope Bryant Announce a New Sizeable Long-term Deposit in the Bank to Support Economic Empowerment in Communities of Color

(PRNewsfoto/Carver Federal Savings Bank)
NEW YORK, Feb. 5, 2021 /PRNewswire/ Carver Federal Savings Bank ( Carver or the Bank ), a certified Minority Depository Institution ( MDI ), and John Hope Bryant, an American entrepreneur and philanthropist, announced today that Operation HOPE, Inc. and The Promise Homes Company are collectively making a sizeable long-term deposit in Carver to support economic empowerment in communities of color.
Carver is a historic, Black-managed bank founded by a group of civically minded community leaders in 1948 and has consistently had its headquarters located in Harlem. The Bank continues to pay its mission forward, focusing on Minority and Women Business Entrepreneurs ( MWBEs ). It proudly reinvests approximately $0.80 of each deposit dollar it takes in back into the diverse communities it operates in through competitively priced loans. ....

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