Carver Bancorp Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

On May 14, 2025, Carver Federal Savings Bank (the “Bank”), the wholly-owned subsidiary of Carver Bancorp, Inc. (the “Company”), entered into a formal written agreement (the “Formal Agreement”) with the Office of the Comptroller of the Currency (the “OCC”). The Formal Agreement specifically provides that the Bank will take the following actions within the time frames specified in the Formal Agreement:

•	Establish a Compliance Committee of its Board of Directors to specifically monitor and oversee the Bank’s compliance with the Formal Agreement. This committee has already been established and is actively underway;

•	Prepare a three-year strategic plan for the OCC’s review, with such strategic plan to establish objectives specifically focusing on the Bank’s earnings performance that will include measures for growth, capital, liquidity and balance sheet mix; and

•	Prepare an earnings program for the OCC’s review designed to improve and sustain the earnings of the Bank.

The Formal Agreement specifically addresses the items referenced above through a new three-year strategic plan. The Bank’s board of directors and management will address these provisions within the required time frames. Further, the Bank’s board of directors and management are fully committed to, as expeditiously as possible, achieving sustainable earnings through a more robust and viable strategic plan, which are part of the Bank’s new ongoing operations and actions under the leadership of its new Chief Executive Officer.

The foregoing description of the Formal Agreement is qualified in its entirety by reference to the Formal Agreement issued to the Bank, which is attached hereto as Exhibit 10.1, and is incorporated herein by reference into this Item 1.01.