Carver Bancorp, Inc. Celebrates Black History Month by Ringing The Nasdaq Stock Market Closing Bell

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Feb 02, 2017, 15:15 ET

NEW YORK, Feb. 2, 2017 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank ("Carver"), announced today that in recognition of Black History Month, its executives will ring The Nasdaq Stock Market Closing Bell in Times Square on Monday, February 6, 2017 at 4:00 pm ET.

"As the first African-American managed bank to be listed on The Nasdaq Stock Market, it is befitting for Carver to ring the Closing Bell on the first Monday of Black History Month," remarked Carver's President and CEO Michael T. Pugh.

"Our institution is named after the famous African-American inventor George Washington Carver, who once said: 'Where there is no vision. There is no hope.' Carver first opened its doors in Harlem in 1948 at a time when mainstream banking options were not readily available to persons of color. Since then, we have grown to become the largest African- and Caribbean-American managed bank in the U.S., with a demonstrated track record of promoting economic development and the revitalization of underserved communities.

"On this occasion we are proud to honor not only our namesake and our own institutional heritage, but also the contributions of countless others who have shared our vision for a more unified and prosperous American society," concluded Mr. Pugh.

About Carver Bancorp, Inc.
Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. In light of its mission to promote economic development and revitalize underserved communities, Carver has been designated by the U.S. Department of the Treasury as a community development financial institution. Carver is the largest African- and Caribbean-American managed bank in the United States, with nine full-service branches in the New York City boroughs of Brooklyn, Manhattan, and Queens. For further information, please visit the Company's website at www.carverbank.com.

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Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.

Media Contacts:
Michael Herley/Emilee Hanson
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SOURCE Carver Bancorp, Inc.