<SEC-DOCUMENT>0001213900-24-087186.txt : 20241011
<SEC-HEADER>0001213900-24-087186.hdr.sgml : 20241011
<ACCEPTANCE-DATETIME>20241011140013
ACCESSION NUMBER:		0001213900-24-087186
CONFORMED SUBMISSION TYPE:	DFRN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241011
DATE AS OF CHANGE:		20241011

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARVER BANCORP INC
		CENTRAL INDEX KEY:			0001016178
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				133904174
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DFRN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13007
		FILM NUMBER:		241367189

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Dream Chasers Capital Group LLC
		CENTRAL INDEX KEY:			0001914524
		ORGANIZATION NAME:           	
		IRS NUMBER:				880569906
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		DFRN14A

	BUSINESS ADDRESS:	
		STREET 1:		45 WALL STREET
		STREET 2:		27 FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		9179692814

	MAIL ADDRESS:	
		STREET 1:		45 WALL STREET
		STREET 2:		27 FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFRN14A
<SEQUENCE>1
<FILENAME>ea0217469-dfrn14a_dream.htm
<DESCRIPTION>AMENDMENT NO. 1 TO DFAN14A
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the </B></P>

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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Soliciting Material under &sect;240.14a-12&nbsp;</FONT></TD></TR>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Carver Bancorp, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its Charter)
</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Dream Chasers Capital Group LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s) Filing Proxy Statement, if
other than the Registrant) </B></P>

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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">No fee required. </FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fee computed on table in exhibit required by Item&thinsp;25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.&nbsp;</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>This filing contains the following communications: </I></B></P>

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    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B><I>A press release issued by Dream Chasers Capital Group LLC on July 23, 2024relating to nominations to the Board of Directors of Carver Bancorp, Inc. &nbsp;</I></B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Dream Chasers Capital to nominate 2 directors to Carver (NASDAQ:
CARV) Board</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Fund asks shareholders to vote yes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 23, 2024 07:00 ET | Source:&nbsp;<B>Dream Chasers Capital
Group LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Dream Chasers Capital believes
it's time to Make Carver Great Again.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In that endeavor, Dream Chasers Capital Group - Carver Bancorp's largest
minority shareholder with a 5% stake - is nominating 2 new&nbsp;members to the bank&rsquo;s board at its upcoming annual shareholder meeting
and we are asking for your vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 12, 2024, DCCG sent Carver&rsquo;s board a slate of 2 new nominees
for election to the board at the bank&rsquo;s upcoming annual meeting. On July 18, 2024 Carver notified Dream Chasers of its receipt of
our director nominees.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The fund believes both nominees are not only supremely qualified, but
if successfully elected by you the shareholders, will execute a new strategic plan for growth which will lead to profitability, enrich
the community and deliver significant shareholder value. We are confident that fellow Carver shareholders will view these 2 nominees as
aligned with their interests and we see no reason why the bank should have any issues with these exceptional directors.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe any attempt to deny these directors a vote&nbsp;&ndash;
out of self-preservation or self-interest &ndash; may be a catalyst for an eventual sub $1 per share stock price, significantly handicap
the bank's ability to raise future capital to carry out its mission and present going concern risk. Dream Chasers believes it has the
tacit support of a large percentage of Craver's shareholders and we remain open to negotiation for the benefit of all shareholders. We
encourage the Board to do the right thing as shareholder watch.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>About nominee #1: Jeff Anderson</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Mr. Anderson is 63 yr. old and a recently retired financial executive
with J.P. Morgan where he previously served in a CFO role that oversaw 850 tri-state area banking centers and at the time comprised of
an income statement with $3.7 billion in revenue, $1.7 billion in pretax earnings as well as a balance sheet of $100 billion in deposits
and investments, and $15 billion in loans.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Over the last 40 years Jeff has worked at many of the most prestigious
financial service companies and banks such as Goldman Sachs, Bank of America, AIG, and Arthur Andersen.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>In his various roles at these institutions, Jeff has proven to be
a result driven and accomplished senior financial management executive and corporate officer with extensive experience in consumer insurance,
consumer banking, expense management governance and execution, project management, budgeting, risk management, centers of excellence operations,
asset management, and compliance. Additional strengths in incentive programs, cost reduction initiatives, operational effectiveness, and
talent management. Jeff possesses a successful track record of increasing corporate profitability and shareholder value by leading the
execution of competitive business strategies that increase revenues and reduce expenses on a global scale.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Jeff was a long-time resident of Harlem where he was born and has
a deep passion for giving back to this community and currently serves on four boards (with 3 located in Harlem) and with financial oversight
responsibilities.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>About Nominee #2: Jeffrey John Bailey</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Mr. Bailey is Carver&rsquo;s largest individual shareholder and
owns between approximately 5 to 8% of the bank's equity. Mr. Bailey is a serial entrepreneur, who over the last 30 years, has founded
and successfully implemented business plans, strategies and hired teams to execute such plans resulting in millions of dollars in revenues
and profits and&nbsp;delivering investor returns. Mr. Bailey shares a lifelong passion in wanting to see communities of color do better
and has supported such endeavors over the years with capital and action.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In conclusion, the time for new blood, new energy and new ideas is
now. You the shareholders, you the real owners of the bank, you, some of whose investments are down 80%, get to decide. No longer can
shareholders afford to sit idle and have a board, who own very little of the company shares, continue to&nbsp;<I>&mdash;&nbsp;</I>out
of self-preservation, status quo and cronyism &mdash; resist positive changes while offering no good ideas to deliver shareholder value.
It is your hard-earned money at stake. We encourage shareholders - retail and institution - to show up and vote for our nominees at the
bank&rsquo;s upcoming annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lastly, in a recent press release on&nbsp;January
31, 2024, the bank said it rejected DCCG offer to buy a 35% stake. Among a few reasons the board cited were their so-called concerns about
reputation risk, implied valuation and lack of banking experience (none of which had merit).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the contrary,&nbsp;the bank&rsquo;s lack of profitability over the
last few years despite having almost $1 billion in deposits is an indication of current management not having the right experience or
competence.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore, under current management, the bank until recent was under
years of OCC (Office of the Controller of the Currency) oversight. With restrictive&nbsp;OCC oversight, the bank&rsquo;s ability to expand
and achieve profitability was severely compromised and shareholders suffered as a result and the bank&rsquo;s reputation was compromised.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thank you in advance to all fellow shareholders and we look forward
to your vote and support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For more inquiry<BR>
info@dreamchaserscapitalgroup.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">About Dream Chasers Capital Group LLC<BR>
www.dreamchaserscapitalgroup.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Disclaimer: Nothing in this press release should be considered an offer
to sell or a solicitation of an offer to buy shares of any securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOURCE Dream Chasers Capital Group LLC</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additional Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">YOU ARE URGED TO READ THE&nbsp;PROXY STATEMENT&nbsp;AND
OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT CARVER BANCORP., THE DIRECTOR NOMINEES AND RELATED MATTERS. YOU WILL BE ABLE TO OBTAIN A FREE COPY OF THE PROXY STATEMENT AND OTHER
RELATED DOCUMENTS (WHEN AVAILABLE) FILED BY CARVER BANCORP. WITH THE SEC AT THE WEBSITE MAINTAINED BY THE SEC AT WWW.SEC.GOV. YOU ALSO
WILL BE ABLE TO OBTAIN A FREE COPY OF THE PROXY STATEMENT AND OTHER DOCUMENTS (WHEN AVAILABLE) FILED BY CARVER BANCORP. WITH THE SEC BY
ACCESSING THE INVESTOR RELATIONS SECTION OF CARVER BANCORP&rsquo;S WEBSITE AT HTTPS://CARVERBANK.Q4IR.COM/NEWS-FILINGS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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