Carver Bancorp, Inc. Appoints Three New Board Members: Susan Tohbe, Colbert Narcisse And Janet Rolle

NEW YORK, July 19, 2010 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver" or the "Company") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank, announced that Susan Tohbe, Partner of Peterson County LLC., Colbert Narcisse, CEO of Gold Bullion International, and Janet Rollé, EVP and Chief Marketing Officer of BET Networks, have been appointed to the Company's Board of Directors effective August 2, 2010.

"The Carver Board is pleased to announce the appointment of these three exceptional business leaders as we work to ensure that Carver remains a strong and trusted resource in the urban communities that we serve," said Robert Holland, Lead Independent Director of Carver.  "Their collective experiences will be of tremendous value to our Board as we steer the Company through this very difficult period in our economy."

The appointments bring the total number of Directors at Carver Bancorp, Inc. and Carver Federal Savings Bank to nine. The Carver Board is currently determining which Committees each will serve.

Susan Tohbe is a partner with Peterson County LLC, a real estate investment and management company.  Prior to joining Peterson in 2001, Ms. Tohbe was Chief Financial Officer of the Mashantucket Pequot Tribal Nation.  Previously, Ms. Tohbe was CFO at J.M. Huber Corporation, and Senior Vice President, World Banking Group of Bank of America.  Ms. Tohbe performed senior financial duties as CFO of The Oakland Tribune, in the Treasury Department of Crown Zellerbach, and Assistant Treasurer at Norton Simon.  Ms. Tohbe has served on the boards of the California Public Employees Retirement System ("CalPERS"), Mills College, San Francisco Ballet, and Catalyst.  Ms. Tohbe holds an M.B.A and B.A. from the University of California, Berkeley

Colbert Narcisse is CEO of Gold Bullion International ("GBI"), a precious metals asset management company.  Prior to joining GBI in 2009, Mr. Narcisse held several executive positions at Merrill Lynch including Chief Operating Officer of Americas Investment Banking and Chief Administrative Officer of Global Wealth Management.  Previously, he was a Managing Director in Investment Banking focusing on financial institutions.  Mr. Narcisse is a member of the Executive Leadership Council and the Economic Club of New York.  He serves as an Audit Committee member for the New York City Housing Authority and on the board of Harlem RBI, an East Harlem based education non-profit organization.  Mr. Narcisse holds an M.B.A from Harvard Business School and B.S. in Finance from New York University.