| Ownership Percentage | State of Incorporation | Description | |||||||||
| Carver Bancorp, Inc. | Delaware | Holding Company | |||||||||
| Carver Federal Savings Bank | 100 | % | New York | Federal Savings Bank | |||||||
| CSFB Credit Corp. | 100 | % | New York | Inactive | |||||||
| CSFB Realty Corp. | 100 | % | New York | Real Estate Holding Company | |||||||
| Carver Asset Corp. | 100 | % | Delaware | Real Estate Investment Trust | |||||||
| Carver Community Development Corporation | 100 | % | Delaware | Community Development | |||||||
| Sub CDE 1, LLC | 100 | % | Delaware | Lending Vehicle for NMTC | |||||||
| Sub CDE 22, LLC | 99.00% 1 | Delaware | Inactive | ||||||||
| Sub CDE 23, LLC | 99.00% 1 | Delaware | Inactive | ||||||||
| Sub CDE 24, LLC | 99.00% 1 | Delaware | Inactive | ||||||||
| Sub CDE 25, LLC | 99.00% 1 | Delaware | Inactive | ||||||||
| Alhambra Holdings Corp. | 100 | % | Delaware | Inactive | |||||||
(1) Also owned 1.00% by Carver Community Development Corporation | |||||||||||
| In addition, Carver Bancorp, Inc. has created Carver Statutory Trust I to raise capital for its operations. | |||||||||||