Carver Bancorp, Inc. Announces Agreement with Holders of Trust Preferred Securities to Cancel Interest in Exchange for Shares of Common Stock
Significantly Advances Carver's Strategy to Improve Capital Position, Reduce Debt Load and Position the Bank to Deliver More for Its Stockholders and All Stakeholders NEW YORK, March 16, 2026 /PRNewswire/ -- Carver Bancorp, Inc. (the "Company") (OTCQB: CARV), the holding company for Carver Federal Savings Bank (the "Bank"), today announced that it has entered into an agreement with institutional holders of its Trust Preferred Securities (the "TruPS Holders") pursuant to which in excess of $1 million of interest obligations will be forgiven by the TruPS Holders in exchange for granting the TruPS Holders 524,826 shares of common stock (the "Exchange"). Donald Felix, President and CEO of Carver Bancorp, Inc., said, "We have been acting expeditiously and with purpose to solidify Carver's foundation and position the Bank for success.
