Carver Bancorp, Inc. Stockholders Elect Keith Mestrich and Donald Felix to Board of Directors at Annual Meeting

Rhea-AI Summary

Carver Bancorp (OTCQB: CARV) announced that stockholders elected director nominees Keith Mestrich and Donald Felix to the Board at the May 21, 2026 Annual Meeting.

Each nominee received more than 90% of votes cast, supporting the Board’s ongoing transformation plan and long-term value focus.

News Market Reaction – CARV

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In the May 22 session, CARV declined 4.43%, reflecting a moderate negative market reaction.

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NEW YORK, May 22, 2026 /PRNewswire/ -- Carver Bancorp, Inc. ("Carver" or the "Company") (OTCQB: CARV), the holding company for Carver Federal Savings Bank (the "Bank," a certified Community Development Financial Institution ("CDFI") and designated Minority Depository Institution ("MDI")), today announced that stockholders have elected both of the Company's director nominees – Keith Mestrich and Donald Felix – to the Board of Directors (the "Board") at the Annual Meeting of Stockholders (the "Annual Meeting") held May 21, 2026. Each of Carver's nominees received more than 90% of the votes cast.

"We want to thank our stockholders for their continued engagement and support," said Lewis Jones, Chairperson of the Carver Bancorp Board. "Carver's Board and leadership team are fully committed to the successful execution of the transformation plan already underway. That plan's primary objective is to drive long-term, sustainable value while fulfilling Carver's mission to empower everyday New Yorkers to achieve their financial goals. We look forward to welcoming both Keith and Don to the Board and delivering on our commitments to stockholders and the communities we serve."

About Carver Bancorp, Inc.

Carver Bancorp, Inc. (OTCQB: CARV) is the holding company for Carver Federal Savings Bank, a Harlem-based community bank committed to meeting the financial needs of everyday New Yorkers who are working hard to get ahead and supporting the vitality of the neighborhoods it serves by delivering accessible financial services to individuals and small- to mid-sized businesses. Through its online banking platform and physical branches, Carver serves customers across nine states, from Massachusetts to Virginia, including Washington, D.C.

Founded in 1948 to address barriers to financial access, Carver has a long-standing legacy of serving historically under-resourced communities. The U.S. Department of the Treasury has designated Carver as both a Community Development Financial Institution (CDFI) and a Minority Depository Institution (MDI) in recognition of its leadership in advancing financial inclusion and local economic empowerment.

For further information, please visit the Company's website at www.carverbank.com. Be sure to connect with Carver on Facebook, LinkedIn, and Instagram.

Investor Contact:

investorrelations@carverbank.com

Media Contact:

CarverBancorp@Longacresquare.com

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SOURCE Carver Bancorp, Inc.

FAQ

What did Carver Bancorp (OTCQB: CARV) announce on May 22, 2026?

Carver Bancorp announced that stockholders elected Keith Mestrich and Donald Felix to its Board at the May 21, 2026 Annual Meeting. According to Carver Bancorp, both director nominees received more than 90% of the votes cast, signaling strong stockholder support.

Who are the new Carver Bancorp (CARV) board members elected in May 2026?

The newly elected Carver Bancorp board members are Keith Mestrich and Donald Felix. According to Carver Bancorp, stockholders elected both nominees at the May 21, 2026 Annual Meeting, with each receiving over 90% of the votes cast in favor of their election.

How much stockholder support did Carver Bancorp (CARV) director nominees receive in 2026?

Carver Bancorp director nominees Keith Mestrich and Donald Felix each received more than 90% of the votes cast. According to Carver Bancorp, this high approval level reflects strong stockholder engagement and support for the company’s Board composition and ongoing transformation plan.

What is the focus of Carver Bancorp’s transformation plan mentioned in the May 2026 CARV update?

Carver Bancorp’s transformation plan aims to drive long-term, sustainable value while fulfilling its community-focused mission. According to Carver Bancorp, the Board and leadership are committed to execution as they work to empower everyday New Yorkers to achieve their financial goals through banking services.

How does the 2026 board election support Carver Bancorp (CARV) stockholders and communities?

The 2026 board election adds Keith Mestrich and Donald Felix, backed by over 90% of votes cast. According to Carver Bancorp, the strengthened Board supports executing its transformation plan and commitments to both stockholders and the New York communities the bank serves.