Carver Bancorp, Inc. Chairman and Chief Executive Officer Adopts 10b5-1 Trading Plan
November 08 2013 - 8:30AM
Carver Bancorp, Inc. ("Carver" or the "Company") (Nasdaq:CARV), the
holding company for Carver Federal Savings Bank, announced today
that Deborah C. Wright, its Chairman and Chief Executive Officer,
has adopted a trading plan in accordance with Rule 10b5-1 of the
Securities and Exchange Act, as part of her tax management and
personal financial planning strategies. Rule 10b5-1 trading plans
permit individuals who are not then in possession of material
non-public information to buy or sell securities under the
pre-established guidelines and limits that are specifically set
forth in the plan.
Under the trading plan, Ms. Wright intends to sell up to 1,000
shares of Carver stock that she currently owns. The trading plan
goes into effect on November 13, 2013 and will expire on December
31, 2014. This trading plan represents the first sale of any shares
of Carver common stock by Ms. Wright since she joined the Company
in 1999.
The trading plan was established in compliance with guidelines
specified under Rule 10b5-1 and Company policies regarding
transactions in the Company's securities. Transactions under this
trading plan will be disclosed publicly through Form 4 filings as
required by the U.S. Securities and Exchange Commission.
About Carver Bancorp, Inc.
Carver Bancorp, Inc. is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank, founded in
1948 to serve African American communities whose residents,
businesses and institutions had limited access to mainstream
financial services. Carver Federal Savings Bank, the largest
African- and Caribbean-American run bank in the United States
operates ten full-service branches in the New York City boroughs of
Brooklyn, Queens and Manhattan. For further information, please
visit the Company's website at www.carverbank.com.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act. These statements are based on management's current
expectations and are subject to uncertainty and changes in
circumstances. Actual results may differ materially from those
included in these statements due to a variety of factors, risks and
uncertainties. More information about these factors, risks and
uncertainties is contained in our filings with the Securities and
Exchange Commission.
CONTACT: Ruth Pachman/Michael Herley
Kekst and Company
212-521-4800
Carver Bancorp (NASDAQ:CARV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Carver Bancorp (NASDAQ:CARV)
Historical Stock Chart
From Jul 2023 to Jul 2024