<SEC-DOCUMENT>0000943374-20-000337.txt : 20200626
<SEC-HEADER>0000943374-20-000337.hdr.sgml : 20200626
<ACCEPTANCE-DATETIME>20200626161620
ACCESSION NUMBER:		0000943374-20-000337
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200626
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200626
DATE AS OF CHANGE:		20200626

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:		20994319

	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>form8k.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Luse Gorman
         Document created using EDGARfilings PROfile 6.5.1.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center;">__________</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
    <div style="text-align: center; font-size: 12pt;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="text-align: center; font-size: 12pt;">Date of Report (Date of earliest event reported):&#160; <u>June 26, 2020</u></div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="text-align: center; font-size: 12pt;"><u>CARVER BANCORP, INC.</u></div>
    <div style="text-align: center;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zed95661778144904a9f37e85662b931f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 30.77%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-size: 12pt;">Delaware</div>
          </td>
          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 30.77%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-size: 12pt;">001-13007</div>
          </td>
          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 30.77%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-size: 12pt;">13-3904174</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30.77%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(State or Other Jurisdiction</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">of Incorporation)</div>
          </td>
          <td style="width: 3.85%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 30.77%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(Commission File No.)</div>
          </td>
          <td style="width: 3.85%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 30.77%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">(I.R.S. Employer</div>
            <div style="text-align: center; font-size: 12pt;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zbe376e2b68e647aca94b678565c1f104" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 62.89%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">75 West 125th Street, New York, NY</div>
          </td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 29.66%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">10027-4512</div>
          </td>
        </tr>
        <tr>
          <td style="width: 62.89%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(Address of Principal Executive Offices)</div>
          </td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 29.66%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Registrant&#8217;s telephone number, including area code: <u>(212) 360-8820</u></div>
    <div>&#160;</div>
    <div style="font-size: 12pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
      following provisions (<font style="font-style: italic;">see</font> General Instruction A.2. below):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9002aa63d2d645d382f5d11bc29f5b2d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 8.49%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z810580eacb6247bb84ae8afc66d8215b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="3">
            <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 31.2%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
          </td>
          <td style="width: 23.5%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Trading symbol(s)</div>
          </td>
          <td style="width: 45.3%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 31.2%; vertical-align: top;">
            <div style="text-align: center;">Common stock, par value $0.01 per share</div>
          </td>
          <td style="width: 23.5%; vertical-align: top;">
            <div style="text-align: center;">CARV</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;">
            <div style="text-align: center;">The NASDAQ Stock Market LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or
      Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 252pt; font-size: 12pt;">Emerging growth company [&#160; ]</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
      revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [&#160; ]</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 12pt; font-weight: bold;">Item 8.01</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold; font-size: 12pt;"><u>Other Events</u></font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">Carver Bancorp, Inc. (the &#8220;Company&#8221;) is relying on the order (the &#8220;SEC Order&#8221;) issued by the Securities and Exchange Commission (the &#8220;SEC&#8221;)
      on March 25, 2020 (Release No. 34-88465) pursuant to the SEC&#8217;s authority under Section 36 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) granting exemptions from certain provisions of the Exchange Act and the rules thereunder related to
      the reporting requirements for certain public companies, subject to the satisfaction of certain conditions, to delay the filing of its Annual Report on Form 10-K for the year ended March 31, 2020 (the &#8220;Report&#8221;).</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">The Company&#8217;s operations and business have experienced disruptions due to the unprecedented conditions surrounding the COVID-19 pandemic in
      the United States, resulting in the Company having&#160;to modify its business practices. Since early March 2020, the Company has been following the recommendations of state and local health authorities to minimize the exposure risk for employees,
      including restricting access to the Company&#8217;s physical offices.&#160; Management has had to devote significant time and attention to assessing the potential impact of COVID-19 and related events on the Company&#8217;s operations and financial position and
      developing operational and financial plans to address those matters, which has diverted management resources from completing tasks necessary to file the Report by the original due date of the Report.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">In reliance on the SEC Order, the Company plans to file the Report by August 13, 2020, which is within the 45-day extension period allowed
      by the SEC Order.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">In light of the current COVID-19 pandemic, the Company will be including the following Risk Factor in its Report:</div>
    <div><br>
    </div>
    <div style="font-size: 12pt; font-weight: bold;">The economic impact of the COVID-19 outbreak could adversely affect our financial condition and results of operations.</div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-indent: 36pt; font-size: 12pt;">The COVID-19 pandemic has caused significant economic dislocation in the United States as many state and local governments have ordered
        non-essential businesses to close and residents to shelter in place at home.&#160; This has resulted in an unprecedented slow-down in economic activity, a related increase in unemployment and a significant decline in the value of the stock market, and
        in particular, bank stocks.&#160; In response to the COVID-19 outbreak, the Federal Reserve has reduced the benchmark fed funds rate to a target range of 0% to 0.25%, and the yields on 10- and 30-year treasury notes have declined to historic lows.&#160;
        Various state governments and federal agencies are requiring lenders to provide forbearance and other relief to borrowers (e.g., waiving late payment and other fees).&#160; The federal banking agencies have encouraged financial institutions to prudently
        work with affected borrowers and recently passed legislation has provided relief from reporting loan classifications due to modifications related to the COVID-19 outbreak.&#160; Certain industries have been particularly hard-hit, including the travel
        and hospitality industry, the restaurant industry and the retail industry.&#160; Finally, the spread of the coronavirus has caused us to modify our business practices, including employee travel, employee work locations, and cancellation of physical
        participation in meetings, events and conferences.&#160; We have many employees working remotely and we may take further actions as may be required by government authorities or that we determine are in the best interests of our employees, customers and
        business partners.</div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-indent: 36pt; font-size: 12pt;">Given the ongoing and dynamic nature of the circumstances, it is difficult to predict the full impact of the&#160;COVID-19 outbreak on our
        business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated and when and how the economy may be reopened.&#160; As the result of the COVID-19 pandemic
        and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations:</div>
      <div style="text-indent: 36pt; font-size: 12pt;"> <br>
      </div>
      <div style="font-size: 12pt; text-indent: 0px;">
        <table cellspacing="0" cellpadding="0" id="z7185b0ed1c184021a456b90a5cbe01fa" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">demand for our products and services may decline, making it difficult to grow assets and income;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">if the economy is unable to substantially and safely reopen, and high levels of unemployment continue for an extended period of time, loan
                    delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">collateral for loans,&#160;especially real estate, may decline in value, which could cause loan losses to increase;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">our allowance for loan losses may have to be increased if borrowers experience financial difficulties beyond forbearance periods, which will
                    adversely affect our net income;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">as the result of the decline in the Federal Reserve Board&#8217;s target federal funds rate, the yield on our assets may decline to a greater extent
                    than the decline in our cost of interest-bearing liabilities, reducing our net interest margin and spread and reducing net income;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">our cyber security risks are increased as the result of an increase in the number of employees working remotely;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">we rely on third party vendors for certain services and the unavailability of a critical service due to the COVID-19 outbreak could have an
                    adverse effect on us; and</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 4.89%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 4.89%; vertical-align: top;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#8226;</div>
              </td>
              <td style="width: 95.11%; vertical-align: top;">
                <div style="background-color: #FFFFFF;">
                  <div style="font-size: 12pt;">Federal Deposit Insurance Corporation premiums may increase if the agency experience additional resolution costs.</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-indent: 36pt; font-size: 12pt;"> </div>
    </div>
    <br>
    <div style="text-indent: 36pt; font-size: 12pt;">Moreover, our future success and profitability substantially depends on the management skills of our executive officers and directors, many
      of whom have held officer and director positions with us for many years. The unanticipated loss or unavailability of key employees due to the outbreak could harm our ability to operate our business or execute our business strategy. We may not be
      successful in finding and integrating suitable successors in the event of key employee loss or unavailability.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">Any one or a combination of the factors identified above could negatively impact our business, financial condition and results of
      operations and prospects.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="font-size: 12pt; font-weight: bold;">Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">This Current Report on Form 8-K contains certain forward-looking statements about the Company.&#160; Forward-looking statements include
      statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.&#160; They often include words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; and &#8220;intend&#8221; or future
      or conditional verbs such as &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; or &#8220;may.&#8221;&#160; Forward-looking statements, by their nature, are subject to risks and uncertainties.&#160; Certain factors that could cause actual results to differ materially from expected
      results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in
      which the Company is engaged.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of
      this report.</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">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.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z873bff73d4934a7ab14a29ae5c035a8d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 41.05%; vertical-align: top;">&#160;</td>
          <td style="width: 6.02%; vertical-align: top;">&#160;</td>
          <td style="width: 52.93%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt; font-weight: bold;">CARVER BANCORP, INC.</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.05%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">DATE: June 26, 2020</div>
          </td>
          <td style="width: 6.02%; vertical-align: top;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">By:&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 52.93%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: justify;"><font style="font-size: 12pt;">/s/ Michael T. Pugh</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 206.85pt">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.05%; vertical-align: top;">&#160;</td>
          <td style="width: 6.02%; vertical-align: top;">&#160;</td>
          <td style="width: 52.93%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Michael T. Pugh</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.05%; vertical-align: top;">&#160;</td>
          <td style="width: 6.02%; vertical-align: top;">&#160;</td>
          <td style="width: 52.93%; vertical-align: top;">
            <div style="font-size: 12pt;">President and Chief Executive Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
