This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carver Bancorp, Inc. Director Departs To Assume Executive Position At Financial Institution

NEW YORK, Feb. 23, 2011 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver" or the "Company") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank, announced today that Colbert Narcisse has resigned from of its Board of Directors as of February 18, 2011. Mr. Narcisse has accepted an executive position at another financial institution and is unable serve on the Board of Carver while also serving in a management capacity at his new employer.

Mr. Narcisse has been a Director since July 2010 and served as a member of the Finance and Audit Committee and the Asset, Liability and Interest Rate Risk Committee.

"Carver is truly a special financial institution, providing much needed services to inner-city neighborhoods," said Mr. Narcisse. "I am very disappointed that I will not be able to continue my service as a director, but heartened by the fact that Carver is in the hands of a committed Board and management team. I look forward to reading about the institution's future success, especially as it pursues innovative ways to reach the 'unbanked' in the communities it serves."

"Colbert has been a valuable contributor to Carver during this very challenging period for our Company," commented Deborah C. Wright, Chairman and CEO. "While we will miss him, the Board and management team wish him the very best as he continues his exemplary career." 

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver Federal Savings Bank, the largest African- and Caribbean-American run bank in the United States operates nine full-service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. For further information, please visit the Company's website at www.carverbank.com .

CONTACT: Ruth Pachman/Michael Herley
         Kekst and Company
         212-521-4800
         
         Mark A. Ricca
         Carver Federal Savings Bank
         212-360-8820

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs