Carver Bancorp, Inc. Celebrates New Flatbush Avenue Financial Center

VIP Reception and Ribbon-Cutting Ceremony to Take Place on April 12, 2010


NEW YORK, April 8, 2010 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank, will on April 12, 2010 welcome a crowd of New York's legislative officials, religious leaders and loyal customers to a VIP reception and ribbon-cutting ceremony celebrating the newest Carver Financial Center located at 833 Flatbush Avenue in Brooklyn, NY. The financial center is located in a historically high growth neighborhood in Brooklyn and a central "gateway" for the Caribbean community to the New York Region and beyond. This new financial center represents a tremendous opportunity for Carver given the substantial presence of small businesses, non-profit institutions and consumers, in a geography where Carver's brand is well recognized. It also demonstrates Carver's firm belief in the stability and opportunity inherent in African- and Caribbean-American communities.

The event will include remarks from Congresswoman Yvette D. Clarke, Comptroller John Liu, Brooklyn Borough President Marty Markowitz, Council Member Dr. Mathieu Eugene and other elected officials. To mark the occasion, Carver will present contributions to the NYC Haitian Community Hope & Healing Fund and the Clinton Bush Haiti Fund. These contributions will join those from around the world, to rebuild and permanently strengthen Haiti for the next century. Carver's investment continues a long Carver tradition of supporting its customers and communities in good times and more challenging periods.

"Carver is delighted to plant new roots in Flatbush, one of New York City's most diverse and vibrant communities," said Deborah C. Wright, Chairman & CEO. "We look forward to continuing our long standing tradition of investing in neighborhoods we call home, as we've demonstrated for over 60 years".

About Carver Bancorp, Inc.

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, operating 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.

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.



            

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