Carver Bancorp Builds Out Management Structure and Announces Executive Changes

Carver Bancorp CARV today announced its intention to implement a revised management structure with two new executive positions consisting of President and Chief Operating Officer and Chief Finance and Administrative Officer. Both of these positions will report directly to Deborah C. Wright, Chairman and Chief Executive Officer of Carver Bancorp, Inc. Deborah C. Wright, Chairman and Chief Executive Officer, said: "As we prepare for our future, the Board and management team are putting in place the framework to capitalize on opportunities ahead. While the economic environment in our marketplace continues to be challenging, we also see exciting prospects for highly-focused financial service companies like Carver. Accordingly, we believe now is the appropriate time to add managerial talent and enhance our reporting structure to allow us to most effectively complete the restructuring of our balance sheet and strengthen our operations, while returning to the important task of growing our franchise.