CARVER BANCORP NEW DL-,01

Shareholders elected Keith Mestrich and Donald Felix to the board with more than 90% of the votes each. The appointments come against a backdrop of financial difficulties: the company reported a loss of $2.48 per share over the past twelve months and has a market capitalization of $9.83 million. The stock is up 33.9% year-to-date and trades at $1.58. The board plans to create long-term value through a transformation plan and to continue the bank’s mission of serving New Yorkers. » More on de.investing.com

Majority shareholder Dream Chasers Capital Group accuses the board of Carver Bancorp of blocking the nomination of Moishe Gubin and Greg Lewis for the May 21 shareholder meeting. The board rejected the candidates on March 5 citing alleged deficiencies and offered observer positions instead of seats. Dream Chasers points to the share-price collapse after the November 2025 delisting and highlights Gubin’s successes at OptimumBank. The investor notes a 10% stake held by Barry Mann, claims support from retail investors, and warns shareholders against dilutive measures without competitive bidder processes. » More on de.investing.com

Carver Bancorp will voluntarily terminate its SEC registration, file a Form 25 around Nov. 28 and transfer its listing from NASDAQ (last expected trading day Dec. 5) to the OTCQX market, where shares are expected to trade under the ticker CARV from Dec. 8. The bank cites lower ongoing costs and greater flexibility for growth and capital initiatives as the rationale; after the move, mandatory filings such as 10-Ks and 10-Qs will no longer be required, though the company says it will continue to publish audited annual financial statements and quarterly financial information. Carver also named Jason Sisack as senior advisor for enterprise-wide risk management to strengthen governance and regulatory oversight. » More on de.investing.com