Item 7.01 Regulation FD Disclosure
On July 30, 2020, Carver Bancorp, Inc. (the “Company”) reached an agreement in principle (the “Agreement in Principle”) with the United
States Department of the Treasury (the “Treasury Department”) to repurchase 2,321,286 shares of the common stock of the Company, par value $0.01 per share, owned by the Treasury Department, for an aggregate purchase price of $2.5 million.
In connection with the Agreement in Principle, Morgan Stanley has provided a grant to the Company of $2.5 million to fund the repurchase
transaction. The Company anticipates executing a written agreement with the Treasury Department and completing the repurchase on or about August 6, 2020.
The information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
Act, regardless of any general incorporation language in such filing.
Forward-Looking Statements
This Current Report on Form 8-K contains certain forward-looking statements about the Company. 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. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future
or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. 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.
The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of
this report.