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Carver Bancorp (CARV) in New York will revise its fiscal year 2014 and fiscal fourth quarter results to reflect higher expenses related to its pension plan and its accounting for leases.
July 2 -
In a wide-ranging interview, Carver Bancorp CEO Deborah Wright says she expects 2014 to see the New York bank target more underbanked customers, expand lending to nonprofits and serve as a beacon of hope to other minority-owned banks.
December 24
The bank unit of Carver Bancorp in New York has been freed from another regulatory order.
The $648 million-asset company's bank had been operating under a cease-and-desist order since
Carver said in a press release Tuesday that the Office of the Comptroller of the Currency has notified the bank that it is no longer considered in "troubled condition" under federal law.
"Since our $55 million capital raise in 2011, our management team has worked tirelessly to reduce problem assets and enhance bank operations," Deborah Wright, the company's chairman and chief executive, said in the release. "As a result, our credit ratios are now approaching industry norms."
