<SEC-DOCUMENT>0000943374-21-000397.txt : 20210816
<SEC-HEADER>0000943374-21-000397.hdr.sgml : 20210816
<ACCEPTANCE-DATETIME>20210816164614
ACCESSION NUMBER:		0000943374-21-000397
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210630
FILED AS OF DATE:		20210816
DATE AS OF CHANGE:		20210816
EFFECTIVENESS DATE:		20210816

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:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13007
		FILM NUMBER:		211179231

	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>NT 10-Q
<SEQUENCE>1
<FILENAME>form12n-25_10q063021.htm
<DESCRIPTION>CARVER BANCORP, INC. FORM 12B-25 FOR FORM 10-Q JUNE 30, 2021
<TEXT>
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    <div style="text-align: center;">UNITED STATES</div>
    <div style="text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">Washington, DC&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center;">Form 12b-25</div>
    <div><br>
    </div>
    <div style="text-align: center;">Commission File Number:&#160; 001-13007</div>
    <div><br>
    </div>
    <div style="text-align: center;">NOTIFICATION OF LATE FILING</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><font style="font-style: italic;">(Check One) </font>&#9723;&#160;&#160; Form 10-K&#160;&#160; &#9723;&#160; Form 20-F&#160;&#160; &#9723;&#160;
      Form 11-K&#160;&#160; &#8999;&#160; Form10-Q&#160;&#160; &#9723;&#160; Form D&#160;&#160; &#9723;&#160; Form N-CEN&#160;&#160; &#9723;&#160; Form N-CSR</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>For Period Ended:&#160; June 30, 2021</div>
    <div><br>
    </div>
    <div>&#9723;&#160; Transition Report on Form 10-K</div>
    <div>&#9723;&#160; Transition Report on Form 20-F</div>
    <div>&#9723;&#160; Transition Report on Form 11-K</div>
    <div>&#9723;&#160; Transition Report on Form 10-Q</div>
    <div>&#9723;&#160; Transition Report on Form N-SAR</div>
    <div>For the Transition Period Ended:&#160; _______________</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-top: 5pt; font-style: italic;">Read Instruction (on back page) Before Preparing Form. Please Print or Type.</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-weight: bold;">Nothing in this form shall be construed to imply that the Commission has verified any information
      contained herein.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:&#160;
      _________________________________________________________________________________</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">PART I - REGISTRANT INFORMATION</div>
    <div><br>
    </div>
    <div>Full Name of Registrant:&#160; Carver Bancorp, Inc.</div>
    <div>Former Name if Applicable:&#160; N/A</div>
    <div>Address of Principal Executive Offices <font style="font-style: italic;">(Street and Number)</font>:<font style="font-style: italic;">&#160;</font>75 West 125<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Street</div>
    <div>City, State and Zip Code:&#160; New York, NY 10027</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">PART II - RULES 12B-25(B) AND (C)</div>
    <div><br>
    </div>
    <div>If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following
      should be completed.&#160; (Check box if appropriate)</div>
    <div><br>
    </div>
    <div style="margin-left: 36pt;">(a)&#160; The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zb68fc903a63f4802a515b4c73443f32f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 36pt; vertical-align: top; align: right;">&#8999;</td>
          <td style="width: auto; vertical-align: top;">
            <div>(b)&#160; The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on or before the
              fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160; The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">PART III - NARRATIVE</div>
    <div><br>
    </div>
    <div>State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR or the transition report portion thereof, could not be filed
      within the prescribed time period.</div>
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    <div><br>
    </div>
    <div>As previously reported, Carver Bancorp, Inc. (the &#8220;Company&#8221;) became aware of a possible fraud incident involving the unauthorized use of a borrower&#8217;s account
      through a third-party vendor&#8217;s online cash management system. The Company&#8217;s preliminary investigation of this matter indicates that unauthorized wires totaling $2.1&#160;million were fraudulently withdrawn from the borrower&#8217;s money market account at
      Carver Bank from May 12, 2021 through June 1, 2021. The preliminary investigation indicates that an unauthorized person or entity gained access to the borrower&#8217;s account through a third- party online banking system and executed the fraudulent wires.
      Carver Bank contacted the appropriate regulatory and law enforcement agencies, as well as its insurance provider. The total exposure to the Company as a result of this incident is $2.1&#160;million. However, Carver Bank is pursuing all available sources
      of recovery, including insurance and other means of mitigating the potential loss. If any resulting loss is not insured or exceeds applicable insurance limits, it may have a material adverse effect on our business, financial condition and results of
      operations.</div>
    <div><br>
    </div>
    <div>
      <div>While the Company believes its internal control designs and processes are appropriate, it is reviewing the effectiveness of such internal controls as they
        relate to the above-referenced incident. Accordingly, this has caused a delay in filing the Form 10-Q in a timely manner and without unreasonable effort or expense.</div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">PART IV - OTHER INFORMATION</div>
    <div><br>
    </div>
    <div>(1)&#160; Name and telephone number of person to contact in regard to this notification:</div>
    <div><br>
    </div>
    <div><u>Christina L. Maier</u><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font> </font><font style="font-family: 'Times New Roman',Times,serif;"><u>(212)<font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font></u></font><font style="font-family: 'Times New Roman',Times,serif;"><u>360-8894</u></font></div>
    <div>
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              <td style="width: 144pt; vertical-align: top; align: right;">(Name)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 144pt">&#160;</font></td>
              <td style="width: 144pt; vertical-align: top; align: right;">(Area Code)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 144pt">&#160;</font></td>
              <td style="width: auto; vertical-align: top;">(Telephone Number)</td>
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    </div>
    <div><br>
    </div>
    <div>(2)&#160; Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
      1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?&#160; If the answer is no, identify report(s).</div>
    <div>&#8999; Yes &#160;&#160; &#9723; No</div>
    <div><br>
    </div>
    <div>(3)&#160; Is it anticipated that any significant change in results of operation from the corresponding period for the last fiscal year will be reflected by the
      earnings statements to be included in the subject report or portion thereof?</div>
    <div> &#9723; Yes&#160; &#160;&#160; &#8999; No</div>
    <div><br>
    </div>
    <div>If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate
      of the results cannot be made.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><u>Carver Bancorp, Inc.</u></div>
    <div style="text-align: center;">(Name of Registrant as specified in its charter)</div>
    <div><br>
    </div>
    <div>has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div><br>
    </div>
    <div>
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              <td style="width: 252pt; vertical-align: top; align: right;">Date:&#160; August 16, 2021<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 252pt">&#160;</font></td>
              <td style="width: 36pt; vertical-align: top; align: right;">By:<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font></td>
              <td style="width: auto; vertical-align: top;">
                <div><u>&#160;/s/ Christina L. Maier</u></div>
                <div>First Senior Vice President and Chief Financial Officer</div>
                <div>(Principal&#160; Accounting Officer and Principal Financial Officer)<u> </u></div>
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