1.66
-0.60%
Close of 9 Nov 2026, in USD
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About Carver Bancorp
From its filings with the US Securities and Exchange Commission
Carver Bancorp is based in New York, New York and is incorporated in Delaware. Its shares trade on OTC under the ticker CARV. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 31 March 2025, it reported revenue of $3.0m and a net loss of $13.7m. At that date it held total assets of $730.0m and shareholders' equity of $29.6m. By business, Deposit Account brought in 79.4% of revenue, followed by Financial Service, Other at 14.3% and Mortgage Banking at 6.4%.
Carver Bancorp, Inc., a Delaware corporation (the “Company”), is the holding company for Carver Federal Savings Bank (“Carver Federal” or the “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 seven branches 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.
Carver Federal is among the largest African-American operated banks in the United States. The Bank remains dedicated to expanding wealth-enhancing opportunities in the communities it serves by increasing access to capital and other financial services for consumers, businesses and non-profit organizations, including faith-based institutions. A measure of its progress in achieving this goal includes the Bank's sixth consecutive "Outstanding" rating, issued by the Office of the Comptroller of the Currency (the "OCC") following its most recent Community Reinvestment Act (“CRA”) examination in March 2022.
Quoted from its 10-K, filed 24 Jun 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 25 Oct 1994
- Employees
- 113
- Head office
- 75 W 125TH ST, NEW YORK, NY, 10027-4512
- Incorporated in
- DE
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Lewis JonesIndependent Chairman of the Board$78,000
- Mr. Donald FelixPresident, Chief Executive Officer, Director, since 2024$455,768
- Ms. Christina MaierChief Financial Officer, First Senior Vice President of the Company and Bank$287,357
- Mr. Marc WinklerSenior Vice President, Chief Administrative Officer$316,779
- Mr. Craig MackayDirector, since 2017$504,351
- Mr. Colvin GrannumIndependent Director$64,000
- Dr. Pazel JacksonIndependent Director$64,900
- Ms. Jillian JosephIndependent Director$40,400
- Mr. Kenneth KnucklesIndependent Director$51,200
- Ms. Robin NunnIndependent Director$41,900
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Carver Bancorp Inc is a holding company with a subsidiary, Carver Federal, providing banking services.
- The company employs 113 full-time employees and operates within New York City.
- Carver Bancorp offers specialized services for unbanked and underbanked consumers through Carver Community Cash.
Weaknesses
- The company is a unitary savings and loan holding company with limited operational scope.
- Carver Bancorp's business is confined to a local market area within New York City.
- The company's IPO was in 1994, indicating a long-standing but potentially outdated business model.
Opportunities
- Expanding services for unbanked and underbanked consumers could increase market reach.
- Growing demand for digital banking services like online banking and mobile apps presents an opportunity.
- The company could leverage its subsidiary Carver Federal to broaden its product offerings.
Threats
- Competition from larger financial institutions in New York City may impact market share.
- Economic downturns could reduce demand for banking services and loans.
- Regulatory changes in the financial sector might increase operational costs.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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