Photo Release -- Carver Bancorp, Inc. Welcomes Community Officials and Neighbors to Flatbush Avenue Financial Center


NEW YORK, April 15, 2010 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank, on April 12, 2010 welcomed 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.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7341

The event included remarks from Congresswoman Yvette D. Clarke, New York City Deputy Mayor Dennis Walcott, Brooklyn Borough President Marty Markowitz, and New York City Council Member Dr. Mathieu Eugene. Proclamations were presented to Carver by Brooklyn Borough President Marty Markowitz, Deputy Mayor Walcott on behalf of the Mayor's office, and Tchiyuka Cornelius, Deputy Director External Affairs, on behalf of New York City Comptroller John C. Liu. The highlight of the evening was Carver's presentation of contributions to the NYC Haitian Community Hope & Healing Fund and the Clinton Bush Haiti Fund. These contributions join others 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 continues to expand its strong presence in the communities we serve to better meet the needs of our loyal customer base during these challenging times," said Deborah C. Wright, Chairman & CEO. "The new Flatbush Avenue 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 our city's African- and Caribbean-American communities.  We're delighted to welcome our customers and neighbors to the new Financial Center and to continue our long tradition of providing high quality community banking products and services through this new location."

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, 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.

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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