#United States #New York #Financial Services #Carver Bancorp #OTC Market

Carver Bancorp, Inc. Begins Trading on OTC Markets

On December 8, 2025, Carver Bancorp, Inc. (OTCQB: CARV) announced that it has officially transitioned its stock trading to the OTC Markets, allowing stakeholders to access vital financial details and stock availability through platforms like www.OTCmarkets.com.

Strategic Importance of Transition

Carver's President and CEO, Donald Felix, highlighted this transition as a pivotal moment in the company's strategic framework aimed at morphing Carver into a modern urban community bank. He stated, "This step significantly enhances our ability to compete in a dynamic market, ensuring we maintain a solid operational framework while pursuing sustainable profitability."

The shift to OTC Markets is not solely a financial maneuver; it's part of a comprehensive strategy to empower everyday New Yorkers and improve their financial well-being by providing tailored banking solutions.

Enhancements in Governance

Building on this financial transition, Carver has introduced several governance enhancements:

• - Senior Leadership Update: The appointment of Jason Sisack, a former Assistant Deputy Comptroller as a senior executive, is instrumental in broadening the regulatory expertise of the leadership team.
• - Board Refreshment: The company has pledged to refresh 75% of its Board of Directors within three years, which will allow for diverse perspectives and skill sets aligning with Carver's evolving needs.
• - Compensation Adjustment: A reduction of 50% in cash compensation for the Board Directors indicates a commitment to streamline operations and improve financial outcomes.

Commitment to Transparency and Financial Disclosures

Carver Bancorp emphasizes transparency as a cornerstone of its operations. The company plans to present its financials through:

• - Annual Reports: Available at www.carverbank.com, including audited consolidated financial statements.
• - Quarterly Disclosures: Regular interim financial information will also be posted online to maintain stakeholder engagement.
• - Ongoing Reporting: Carver Federal Savings Bank will continue filing quarterly Call Reports with regulatory bodies to uphold transparency standards.

About Carver Bancorp, Inc.

Founded in 1948, Carver Bancorp, Inc. is committed to serving underserved communities in New York, holding the distinction of being one of the largest African- and Caribbean-American managed banks in the nation. As a Community Development Financial Institution (CDFI), Carver focuses on delivering essential financial services tailored to the specific needs of its local community. The bank offers online banking courses, consumer checking, and savings accounts across multiple states, from Massachusetts to Virginia and Washington, D.C. More information about the company's initiatives can be accessed at www.carverbank.com.

Future Outlook

As Carver Bancorp embraces this new chapter of OTC trading, its commitment to community-focused bank services sets a progressive tone for its trajectory. The focus remains on enhancing financial accessibility for its diverse customer base while ensuring the company thrives in a competitive banking landscape. Carver is set on redefining its approach to meet changing economic conditions and customer expectations effectively.

Stay updated with Carver’s innovations and community initiatives through their social channels, and witness how they bolster the financial viability of New Yorkers through tailored banking solutions.