NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Carver Federal
Savings Bank ("Carver" or the "Bank"), a federally chartered stock
savings bank and a certified Minority Depository Institution
("MDI"), announced today that the Bank recently expanded its online
presence to include consumer checking and savings accounts across
several key markets in the Northeast. The presence has expanded to
nine states, from Rhode Island to
Virginia, and Washington, D.C.
Consumers located in Washington,
D.C., and the following states can now open a personal
online account with Carver: Connecticut, Delaware, Maryland, Massachusetts, New
York, New Jersey,
Philadelphia (PA), Rhode Island, and Virginia.
"Consumers and businesses today are increasingly interested in
putting their bank deposit dollars to work at institutions that
reinvest in their communities," said Michael T. Pugh, President and CEO of Carver.
"Since launching our online consumer accounts in these Northeast
markets, the response has been positive with approximately
$5 million in new bank deposit
received and approximately 1,000 new accounts. On behalf of the
Bank, I want to welcome these customers to the Carver family, and
we look forward to building a long-term relationship with them and
the communities in which they live and work."
Carver is consistently awarded an "Outstanding" rating for
community reinvestment by the U.S. Office of the Comptroller of the
Currency based on the geographic distribution of the Bank's loan
portfolio given the communities it serves. The Bank further
distinguishes itself by reinvesting approximately $0.80 of each deposit dollar back into the
diverse low- to moderate-income communities it serves through
competitively priced loans.
As a member of the Allpoint ATM network, Carver customers have
access to over 55,000 participating ATMs throughout the United States and worldwide – all at no
additional charge. Allpoint ATMs are found at retailers such as
Target, Costco, CVS, Walgreens, and Wawa. For further information, please visit:
www.allpointnetwork.com.
For more details on how to open an online personal account with
Carver, please click here.
About Carver Bancorp, Inc.
Carver Bancorp, Inc.
(Nasdaq: CARV) is the holding company for Carver Federal Savings
Bank, a federally chartered stock savings bank. Headquartered in
Harlem, NY, Carver was founded in 1948 to serve African-American
communities whose residents, businesses, and institutions had
limited access to mainstream financial services. The U.S. Treasury
Department has designated Carver as a Community Development
Financial Institution ("CDFI") because of its community-focused
banking services and dedication to its local community's economic
viability and revitalization. Carver is the largest African- and
Caribbean-American managed Bank in the
United States. For further information, please visit the
Company's website at www.carverbank.com.
Please be sure to connect with Carver on social media:
- Facebook
- Instagram
- LinkedIn
- Twitter
- YouTube
Media:
Michael Herley, 203.308.1409 or
michael.herley@outlook.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.
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SOURCE Carver Federal Savings Bank