Carver Bancorp is the holding company for Carver Federal Savings Bank, a federally chartered community bank headquartered in Harlem, New York. Founded in 1948 to serve African-American and Caribbean-American communities with limited access to mainstream financial services, Carver Federal operates seven branches across Brooklyn, Manhattan, and Queens, with roughly $730M in total assets. The bank's core business is traditional community banking — taking deposits from local consumers, small businesses, nonprofits, and government agencies, and deploying those funds into loans in the NYC metro area, primarily targeting low- to moderate-income neighborhoods. The loan portfolio skews heavily toward commercial real estate, multifamily, and small business (C&I) loans, with CRE including a notable concentration in church properties. Carver Federal also offers Carver Community Cash, a suite of check cashing, wire transfers, bill payment, and prepaid card services aimed at unbanked and underbanked customers, which differentiates it from a typical community bank. Carver Federal earns money through the spread between deposit costs and loan yields, with fee income and community development grants supplementing revenue. The bank's financial position is under pressure: the OCC has entered into a formal agreement requiring a new strategic plan to improve earnings, capital ratios fall below the OCC's individual minimum requirements, and non-performing assets have risen sharply. Carver Federal has suspended its common stock dividend and deferred a trust preferred interest payment to manage liquidity.