Carver Bancorp, Inc. Announces Intention to List on OTCQX, Voluntarily Delist from Nasdaq and Deregister from SEC
Carver Bancorp (NASDAQ: CARV) announced it will voluntarily delist from Nasdaq and deregister its common stock with the SEC, and intends to list on OTCQX under the symbol CARV.
The company plans to file Form 25 on or about Nov 28, 2025, expects the last Nasdaq trading day on or about Dec 5, 2025, and expects OTCQX quotation beginning on or about Dec 8, 2025. The company also intends to file Form 15 on or about Dec 8, 2025; SEC periodic reporting will be suspended immediately on filing and will terminate when deregistration becomes effective 90 days after Form 15 is filed.
The company said the move will reduce recurring operating expenses, provide greater flexibility to pursue strategic initiatives, and that it will continue to provide an annual audited report and post quarterly interim information on its website; Call Reports will continue to be filed with the OCC.
Carver Bancorp (NASDAQ: CARV) ha annunciato che ritirerà volontariamente la quotazione dal Nasdaq e deregistrerà le proprie azioni ordinarie presso la SEC, e intende quotarsi su OTCQX con simbolo CARV.
La società prevede di depositare Form 25 circa il 28 novembre 2025, si attende l’ultimo giorno di negoziazione su Nasdaq circa il 5 dicembre 2025, e prevede che la quotazione OTCQX inizi circa l’8 dicembre 2025. La società intende anche depositare Form 15 circa l’8 dicembre 2025; la segnalazione periodica SEC sarà sospesa immediatamente al deposito e terminerà quando la deregistrazione diventerà efficace 90 giorni dopo la presentazione del Form 15.
La società ha dichiarato che la mossa ridurrà i costi operativi ricorrenti, offrirà una maggiore flessibilità per perseguire iniziative strategiche e che continuerà a fornire un rapporto annuale certificato e a pubblicare sul proprio sito informazioni trimestrali intermedie; i Call Reports continueranno a essere presentati all’OCC.
Carver Bancorp (NASDAQ: CARV) anunció que se retirará voluntariamente de Nasdaq y deregistrará sus acciones ordinarias ante la SEC, y tiene la intención de cotizar en OTCQX bajo el símbolo CARV.
La empresa planea presentar el Form 25 alrededor del 28 de noviembre de 2025, espera el último día de negociación en Nasdaq alrededor del 5 de diciembre de 2025, y espera que la cotización en OTCQX comience alrededor del 8 de diciembre de 2025. La empresa también tiene la intención de presentar el Form 15 alrededor del 8 de diciembre de 2025; la información periódica de la SEC se suspenderá inmediatamente al presentar y terminará cuando la deregistración entre en vigencia 90 días después de la presentación del Form 15.
La empresa afirmó que la medida reducirá los gastos operativos recurrentes, proporcionará una mayor flexibilidad para perseguir iniciativas estratégicas y que continuará proporcionando un informe anual auditado y publicando información trimestral interina en su sitio web; los Informes de Llamadas (Call Reports) continuarán presentándose ante la OCC.
Carver Bancorp (NASDAQ: CARV)은 나스닥에서 자발적으로 상장 폐지하고 SEC에 보통주를 deregister할 예정이며, OTCQX에서 심볼 CARV로 상장할 계획이라고 발표했습니다.
회사는 Form 25를 2025년 11월 28일경에 제출할 예정이며, 나스닥의 마지막 거래일은 12월 5일경으로 예상되고, 12월 8일경부터 OTCQX 호가가 시작될 것으로 예상합니다. 또한 Form 15를 12월 8일경에 제출할 의도도 있으며; 제출 시 SEC 정기 보고서는 즉시 중단되고 Form 15가 제출된 후 90일이 경과하면 deregistration이 발효되어 종료됩니다.
회사는 이 조치가 반복적인 운영 비용을 줄이고, 전략적 이니셔티브를 추구하는 데 더 큰 유연성을 제공하며, 회사는 계속해서 연간 감사 보고서를 제공하고 웹사이트에 분기 중간 정보를 게시할 것이며; Call Reports는 OCC에 계속 제출될 것입니다.
Carver Bancorp (NASDAQ: CARV) a annoncé qu’elle radiodera volontairement ses actions du Nasdaq et désenregistrera ses actions ordinaires auprès de la SEC, et prévoit de s’inscrire sur OTCQX sous le symbole CARV.
La société prévoit de déposer le Form 25 vers le 28 novembre 2025, elle s’attend au dernier jour de négociation sur Nasdaq vers le 5 décembre 2025, et prévoit que la cotation OTCQX commencera vers le 8 décembre 2025. La société a également l’intention de déposer le Form 15 autour du 8 décembre 2025; les rapports périodiques de la SEC seront suspendus immédiatement après le dépôt et prendront fin lorsque la déréglementation deviendra effective 90 jours après le dépôt du Form 15.
La société a déclaré que ce mouvement réduira les dépenses d’exploitation récurrentes, offrira une plus grande flexibilité pour poursuivre les initiatives stratégiques et qu’elle continuera à fournir un rapport annuel audité et à publier des informations trimestrielles intermédiaires sur son site; les rapports d’appels continueront d’être déposés auprès de l’OCC.
Carver Bancorp (NASDAQ: CARV) kündigte an, dass es sich freiwillig von Nasdaq abmelden und seine Stammaktien bei der SEC deregistrieren wird, und beabsichtigt, an OTCQX unter dem Symbol CARV notiert zu werden.
Das Unternehmen plant, ca. 28. November 2025 das Form 25 einzureichen, rechnet mit dem letzten Handelstag an der Nasdaq ca. 5. Dezember 2025 und erwartet, dass die OTCQX-Notierung etwa ab dem 8. Dezember 2025 beginnt. Das Unternehmen beabsichtigt außerdem, ca. 8. Dezember 2025 das Form 15 zu einreichen; SEC-Periodenberichte werden unmittelbar mit der Einreichung ausgesetzt und enden, wenn die Deregistrierung 90 Tage nach der Einreichung des Form 15 wirksam wird.
Das Unternehmen erklärte, dass der Schritt wiederkehrende Betriebskosten senken werde, mehr Flexibilität bei der Umsetzung strategischer Initiativen biete und dass es weiterhin einen jährlich geprüften Bericht bereitstelle und vierteljährliche Zwischeninformationen auf seiner Website veröffentlichen werde; Call Reports werden weiterhin bei der OCC eingereicht.
Carver Bancorp (NASDAQ: CARV) أعلن أنه سيزيل إدراج أسهمه العادية من Nasdaq طوعاً وإلغاء تسجيلها لدى SEC، ويعتزم الإدراج في OTCQX بالرمز CARV.
تخطط الشركة لتقديم Form 25 في موعد يقارب 28 نوفمبر 2025، وتتوقع أن يكون آخر يوم تداول في Nasdaq في موعد يقارب 5 ديسمبر 2025، وتتوقع أن يبدأ عرض OTCQX في موعد يقارب 8 ديسمبر 2025. وتعتزم الشركة أيضاً تقديم Form 15 في موعد يقارب 8 ديسمبر 2025؛ ستعلق التقارير الدورية لـ SEC فور التقديم وتنتهي عندما تصبح عملية الإلغاء فعالة بعد 90 يوماً من تقديم Form 15.
وقالت الشركة إن هذه الخطوة ستقلل النفقات التشغيلية المتكررة، وتوفر مرونة أكبر لمتابعة مبادرات استراتيجية، وأنها ستستمر في تقديم تقرير مدقق سنوي ونشر معلومات ربعية مؤقتة على موقعها الإلكتروني؛ ستظل تقارير Call Reports مقدمة إلى OCC.
- Expect OTCQX quotation beginning on or about Dec 8, 2025
- Plans to file Form 15 on or about Dec 8, 2025, suspending SEC periodic reports immediately
- Company states move will reduce recurring operating expenses
- Last Nasdaq trading day expected on or about Dec 5, 2025, ending Nasdaq listing
- SEC periodic reporting (Forms 10-K/10-Q/8-K) will be suspended immediately on Form 15 filing and terminate 90 days after filing
- Potential reduced regulatory disclosure via SEC filings after deregistration
Insights
Carver will leave Nasdaq, move to OTCQX, and stop SEC reporting after filing Form 15; liquidity and disclosure change.
Carver Bancorp plans a voluntary Nasdaq delisting with a Form 25 around
The business mechanism is straightforward: the move reduces recurring listing and SEC compliance expenses and shifts public trading to the OTCQX tier that hosts many banks. The company will continue to publish an annual audited report and post quarterly interim information on its website, while the bank subsidiary will keep filing OCC Call Reports.
Key dependencies and risks include reduced exchange liquidity, potentially wider bid-ask spreads, and lower institutional visibility due to OTC quotation. These effects may affect tradability and shareholder exit options even if disclosure remains available through alternate channels.
Concrete items to watch are the Form 25 filing around
- Provides greater flexibility to pursue initiatives that support creating an enduring brand, long-term growth, and enhanced capital
- Better aligns with Carver's profile as Carver joins the more than 300 banks that currently trade on the OTC Markets
- Reduces recurring operating expenses while maintaining financial disclosure integrity
The Company has notified Nasdaq of its intent to voluntarily delist and withdraw the registration of its common stock with the SEC. The Company intends to file a Form 25 (Notification of Removal from Listing) with the SEC on or about November 28, 2025 and expects the last trading day on Nasdaq will be on or about December 5, 2025. Following delisting from Nasdaq, the Company expects its common stock will be quoted on the OTCQX Market beginning on or about December 8, 2025, under the symbol "CARV".
The Company also intends to file a Form 15 (Certification and Notice of Termination From Registration) with the SEC on or about December 8, 2025. Upon filing, the Company's obligation to file periodic reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be suspended immediately and will terminate when deregistration becomes effective 90 days after the Form 15 is filed.
"After careful consideration, the Board of Directors has determined that this course of action is in the best interests of the Company and its stockholders. Among other reasons, it will facilitate the Company's ability to execute our strategic plan and also reduce our expenses. The Company's financial and other metrics fit in well as an OTC traded company, and the OTC provides the Company with greater flexibility to pursue initiatives that support creating an enduring brand, long-term growth, and enhanced capital," said Company President and Chief Executive Officer, Donald Felix.
The Company will continue to provide stockholders with an annual report containing audited consolidated financial statements, and anticipates that quarterly interim financial information will be made available on the Company's website at www.carverbank.com. Carver Federal Savings Bank will also continue to file quarterly Call Reports with the Office of the Comptroller of the Currency, which are available at www.occ.gov.
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
Forward-Looking Statements
This release may contain certain "forward-looking statements" that represent the Company's current expectations or beliefs concerning future events. Forward-looking statements can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "assume," "plan," "seek," "expect," "will," "may," "should," "indicate," "would," "believe," "contemplate," "continue," "target" and words of similar meaning. Forward-looking statements are, by their nature, subject to numerous risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include changes in general economic conditions, changes in the interest rate environment, changes in prevailing depository institution stock prices, the evolution of the depository institution merger market, the Company's ability to terminate or the timing of the termination of its obligation to file periodic reports with the SEC as described above, the Company's ability to have its common stock quoted or the timing of its common stock becoming quoted on the OTCQX Market as described above, market reactions to the Company's delisting and deregistration, changes to the Company's strategic plan, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this news release or made elsewhere from time to time by the Company or on its behalf. The Company disclaims any obligation to update such forward-looking statements.
Investor Contact:
investorrelations@carverbank.com
Media Contact:
CarverBancorp@Longacresquare.com
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SOURCE Carver Bancorp, Inc.
FAQ
When will CARV stop trading on Nasdaq and start trading on OTCQX?
What SEC filings will Carver make related to the delisting of CARV?
How will the Form 15 filing affect CARV shareholder disclosures?
Will CARV continue to publish financial information after leaving Nasdaq?
Will Carver still file regulatory reports after CARV deregisters?
