Carver Bancorp Inc., Annual General Meeting, Dec 18, 2009, at 10:00 US Eastern Time. Location: Harlem Stage Gatehouse, 150 Convent Avenue, West 135th Street, New York, United States.

Carver Bancorp Inc. announced the appointment of Chris A. McFadden as executive vice president and chief financial officer. In this role, McFadden will oversee accounting, treasury, reporting and all other financial management functions, and serve as a valued partner to the executive team in making strategic decisions. McFadden will join the Carver team on September 14, 2009. McFadden brings to Carver a more than 20-year track record in community banking. Over the last 24 years, she has amassed extensive experience in managing teams of finance and accounting professionals and in assisting operating divisions in monitoring and improving performance. Chris was most recently CFO and CAO at Banco Popular North America, a $12 billion bank, operating as five distinct regional community banks from 2000 to 2009.

Carver Bancorp Inc. announced unaudited consolidated financial results for the first quarter ended June 30, 2009. The Company reported net income of $0.7 million and diluted earnings per share of $0.18 for the first quarter of fiscal 2010, compared to net income of $0.7 million and diluted earnings per share of $0.27 for the first quarter of fiscal 2009. Net income for the first quarter of fiscal 2010 was negatively impacted by a $0.4 million FDIC special assessment as well as a $0.5 million increase in the provision for loan losses. Net interest income increased by $0.6 million from $6.2 million to $6.9 million reflecting an 18 basis points increase in the net interest margin to 3.71%, compared to 3.53% in the prior year period. The increase in net interest income resulted from the significant reduction in interest rates during the year, attributable to the cost of interest-bearing liabilities declining faster than the yield on interest earning assets. Interest income decreased $1.2 million, or 10.8%, from $11.1 million to $9.9 million compared to the same period previous year. Net interest income after provision for loan losses were $6.2 million compared to $6.0 million, reported for the same period in the prior year. Return on average assets were 0.35% and return on average equity of 4.35% against return on average assets of 0.35% and return on average equity of 5.08%, reported a year ago. The company also announced that on August 13, 2009, the company's Board of Directors declared a cash dividend on its common stock of $0.10 per common share for the first quarter. The dividend will be payable on September 14, 2009, to stockholders of record at the close of business on September 1, 2009.