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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000882377-02-000572.txt : 20020809
<SEC-HEADER>0000882377-02-000572.hdr.sgml : 20020809
<ACCEPTANCE-DATETIME>20020809165426
ACCESSION NUMBER:		0000882377-02-000572
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20020806
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20020809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARVER BANCORP INC
		CENTRAL INDEX KEY:			0001016178
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				133904174
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13007
		FILM NUMBER:		02725232

	BUSINESS ADDRESS:	
		STREET 1:		75 W 125TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10027-4512
		BUSINESS PHONE:		2128764747

	MAIL ADDRESS:	
		STREET 1:		75 W 125TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10027-4512
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8kcarver.txt
<DESCRIPTION>CARVER BANCORP, INC.
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934





        Date of report (Date of earliest event reported): August 6, 2002



                              CARVER BANCORP, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


        DELAWARE                     0-21487                   13-3904174
        --------                     -------                   ----------
    (State or other             (Commission File             (IRS Employer
    jurisdiction of                  Number)               Identification No.)
     incorporation)


                              75 WEST 125TH STREET
                          NEW YORK, NEW YORK 10027-4512
          ------------------------------------------------------------
          (Address of principal executive offices, including zip code)



       Registrant's telephone number, including area code: (212) 876-4747
                                                           ---------------



                                 NOT APPLICABLE
          ------------------------------------------------------------
          (Former name or former address, if changed since 1st report)

<PAGE>




ITEMS 1 THROUGH 4, 6, 8 AND 9.  NOT APPLICABLE.

ITEM 5. OTHER EVENTS.

         Carver Bancorp, Inc., a Delaware corporation ("Carver"), announced on
August 6, 2002 that its board of directors has approved a program (the "Stock
Repurchase Program") to repurchase up to ten percent (10%) of its issued and
outstanding shares of common stock, par value $0.01 per share, outstanding as of
May 31, 2002, depending on the market conditions, prudent capital management and
other factors.

         Share repurchases under the Stock Repurchase Program will be made from
time to time and are expected to be effected through registered broker-dealers
on the open market, in block trades and in compliance with all applicable laws
and regulations. No timetable has been set for the repurchases. As of May 31,
2002, Carver had 2,316,358 shares of common stock outstanding.

         Carver will use the repurchased shares to fund its stock-based benefit
and compensation plans as well as other purposes the board of directors deems
advisable in compliance with applicable law.

Forward-Looking Statements

Statements made herein concerning the new stock repurchase program are
forward-looking statements. Actual results could differ materially due to the
following risks and uncertainties: deteriorating economic conditions; market
volatility in the securities markets; legislative or regulatory developments;
and other risks and uncertainties discussed in Carver's reports filed from time
to time with the Securities and Exchange Commission. Carver cautions readers not
to place undue reliance on these statements. Carver undertakes no obligation to
publicly release or update any of these statements.

         The press release issued by Carver on August 6, 2002 announcing the
Stock Repurchase Program is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

                  No financial statements are required to be filed as part of
this Report. The following exhibits are filed as part of this Report:


      EXHIBIT NO.                      DESCRIPTION
      -----------                      -----------

         99.1                          Press release, dated August 6, 2002





<PAGE>


                                    SIGNATURE

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



                                   CARVER BANCORP, INC.


                                   By: /s/ Deborah C. Wright
                                      ----------------------------------
                                           Deborah C. Wright
                                           President and Chief Executive Officer






Dated:  August 9, 2002


<PAGE>


                                  EXHIBIT INDEX

      EXHIBIT NO.                            DESCRIPTION
      -----------                            -----------

         99.1                                Press release, dated August 6, 2002





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex99carver.txt
<DESCRIPTION>ADDITIONAL EXHIBITS
<TEXT>



                                  EXHIBIT 99.1



         FOR IMMEDIATE
         RELEASE



         Contact:  David Lilly / Ruth Pachman        William Gray
                   Kekst and Company                 Carver Bancorp, Inc.
                   (212) 521-4800                    (212) 876-4747, ext. 174


                          CARVER BANCORP, INC. APPROVES

                      OPEN MARKET SHARE REPURCHASE PROGRAM

NEW YORK, NEW YORK, AUGUST 6, 2002 - Carver Bancorp, Inc. (the "Company" or
"Carver") (AMEX: CNY), the holding company for Carver Federal Savings Bank (the
"Bank"), announced that the Company has approved a stock repurchase program of
its common stock, $0.01 par value per share, which it may implement from time to
time.

The Company is authorized to repurchase up to 10% of the outstanding shares of
its common stock or approximately 231,635 of its outstanding shares. This
repurchase program is being instituted primarily because the Company desires to
provide a mechanism to fund its obligations under its various benefit and
compensation plans but may be used for any other purpose the Board of Directors
of the Company deems advisable in compliance with applicable law. In addition,
the beneficial impact on return on equity of this repurchase program and the
relatively low price-to-book value ratio of its common stock make repurchase of
the Company's common stock a desirable investment.

The Company intends to conduct its repurchases from stockholders through
registered broker-dealers in open market transactions. The Company intends to
hold the shares repurchased as treasury shares.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WHICH MAY BE IDENTIFIED
BY THE USE OF SUCH WORDS AS "BELIEVE," "EXPECT," "ANTICIPATE," "SHOULD,"
"PLANNED," "ESTIMATED," AND "POTENTIAL." EXAMPLES OF FORWARD-LOOKING STATEMENTS
INCLUDE, BUT ARE NOT LIMITED TO, ESTIMATES WITH RESPECT TO THE FINANCIAL
CONDITION, RESULTS OF OPERATIONS AND BUSINESS OF THE COMPANY AND THE BANK THAT
ARE SUBJECT TO VARIOUS FACTORS WHICH COULD CAUSE THE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THESE ESTIMATES. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO,
THE COMPANY'S SUCCESS IN IMPLEMENTING ITS INITIATIVES, INCLUDING EXPANDING ITS
PRODUCT LINE, ACHIEVING GREATER OPERATING EFFICIENCIES AND ITS NEW BRANCH
OPENING, CHANGES IN GENERAL, ECONOMIC AND MARKET, LEGISLATIVE AND REGULATORY
CONDITIONS AND THE DEVELOPMENT OF AN ADVERSE INTEREST RATE ENVIRONMENT THAT
ADVERSELY EFFECTS THE INTEREST RATE SPREAD OR OTHER INCOME ANTICIPATED FROM THE
COMPANY'S OPERATIONS AND INVESTMENTS. THE COMPANY AND THE BANK ASSUME NO
OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT THE ACTUAL
RESULTS, CHANGES IN ASSUMPTIONS OR CHANGES IN OTHER FACTORS AFFECTING SUCH
FORWARD-LOOKING STATEMENTS.

                                      # # #




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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