The Office of the Comptroller of the Currency (OCC) has ordered Carver Bancorp (NASDAQ:CARV) to implement significant strategic changes to improve its performance. The order, issued on May 16, 2025, requires Carver to enhance risk management, earnings performance, growth, capital management, and develop new product lines and internet strategies. The bank must submit a three-year strategic plan by September 25th, 2025. This development follows Dream Chasers' successful December 2024 proxy contest, where they won over 70% of retail voter support. Dream Chasers' CEO Greg Lewis welcomed the OCC action, viewing it as validation of their concerns about the bank's long-standing poor performance. As one of the largest African American banks in the country, Dream Chasers believes Carver has significant potential for growth and shareholder value creation.
L'Office of the Comptroller of the Currency (OCC) ha ordinato a Carver Bancorp (NASDAQ:CARV) di attuare cambiamenti strategici significativi per migliorare le proprie prestazioni. L'ordine, emesso il 16 maggio 2025, richiede a Carver di potenziare la gestione del rischio, i risultati economici, la crescita, la gestione del capitale e di sviluppare nuove linee di prodotto e strategie internet. La banca deve presentare un piano strategico triennale entro il 25 settembre 2025. Questo sviluppo segue la vittoria di Dream Chasers nella contestazione per procura del dicembre 2024, dove hanno ottenuto oltre il 70% del sostegno degli azionisti retail. Il CEO di Dream Chasers, Greg Lewis, ha accolto con favore l'azione dell'OCC, considerandola una conferma delle loro preoccupazioni riguardo alle scarse prestazioni storiche della banca. Come una delle più grandi banche afroamericane del paese, Dream Chasers ritiene che Carver abbia un potenziale significativo per la crescita e la creazione di valore per gli azionisti.
La Oficina del Contralor de la Moneda (OCC) ha ordenado a Carver Bancorp (NASDAQ:CARV) implementar cambios estratégicos significativos para mejorar su desempeño. La orden, emitida el 16 de mayo de 2025, requiere que Carver mejore la gestión de riesgos, el rendimiento de ganancias, el crecimiento, la gestión de capital y desarrolle nuevas líneas de productos y estrategias en internet. El banco debe presentar un plan estratégico a tres años antes del 25 de septiembre de 2025. Este desarrollo sigue al exitoso concurso por poder de Dream Chasers en diciembre de 2024, donde obtuvieron más del 70% del apoyo de los votantes minoristas. El CEO de Dream Chasers, Greg Lewis, recibió con agrado la acción de la OCC, viéndola como una validación de sus preocupaciones sobre el bajo rendimiento histórico del banco. Como uno de los bancos afroamericanos más grandes del país, Dream Chasers cree que Carver tiene un potencial significativo para el crecimiento y la creación de valor para los accionistas.
통화감독청(OCC)는 Carver Bancorp (NASDAQ:CARV)에 성과 개선을 위한 중대한 전략적 변화를 시행하라고 명령했습니다. 2025년 5월 16일 발행된 이 명령은 Carver가 위험 관리, 수익 성과, 성장, 자본 관리 개선과 함께 신제품 라인 및 인터넷 전략을 개발할 것을 요구합니다. 은행은 2025년 9월 25일까지 3년 전략 계획을 제출해야 합니다. 이 조치는 2024년 12월 Dream Chasers가 주주 대리인 선거에서 소매 투자자 지지 70% 이상을 획득한 성공 이후에 이루어졌습니다. Dream Chasers의 CEO Greg Lewis는 OCC의 조치를 환영하며, 은행의 오랜 부진한 성과에 대한 그들의 우려가 확인된 것으로 보고 있습니다. 미국 내 가장 큰 아프리카계 미국인 은행 중 하나인 Dream Chasers는 Carver가 성장과 주주 가치 창출에 상당한 잠재력을 가지고 있다고 믿고 있습니다.
Le Bureau du Contrôleur de la Monnaie (OCC) a ordonné à Carver Bancorp (NASDAQ:CARV) de mettre en œuvre des changements stratégiques importants pour améliorer ses performances. L'ordre, émis le 16 mai 2025, exige que Carver renforce la gestion des risques, les résultats financiers, la croissance, la gestion du capital, et développe de nouvelles gammes de produits ainsi que des stratégies internet. La banque doit soumettre un plan stratégique triennal d'ici le 25 septembre 2025. Cette décision fait suite à la victoire de Dream Chasers lors de la contestation par procuration en décembre 2024, où ils ont obtenu plus de 70 % du soutien des actionnaires particuliers. Le PDG de Dream Chasers, Greg Lewis, a salué cette action de l'OCC, la considérant comme une validation de leurs inquiétudes concernant les performances médiocres et durables de la banque. En tant que l'une des plus grandes banques afro-américaines du pays, Dream Chasers estime que Carver possède un potentiel significatif de croissance et de création de valeur pour les actionnaires.
Das Office of the Comptroller of the Currency (OCC) hat Carver Bancorp (NASDAQ:CARV) angewiesen, bedeutende strategische Änderungen vorzunehmen, um seine Leistung zu verbessern. Der am 16. Mai 2025 erlassene Auftrag verlangt von Carver, das Risikomanagement, die Ertragslage, das Wachstum, das Kapitalmanagement zu verbessern und neue Produktlinien sowie Internetstrategien zu entwickeln. Die Bank muss bis zum 25. September 2025 einen dreijährigen strategischen Plan vorlegen. Diese Entwicklung folgt auf den erfolgreichen Proxy-Wettbewerb von Dream Chasers im Dezember 2024, bei dem sie über 70 % der Stimmen der Einzelaktionäre gewannen. Der CEO von Dream Chasers, Greg Lewis, begrüßte die Maßnahme der OCC und sieht darin eine Bestätigung ihrer Bedenken hinsichtlich der langanhaltend schlechten Leistung der Bank. Als eine der größten afroamerikanischen Banken des Landes glaubt Dream Chasers, dass Carver ein erhebliches Potenzial für Wachstum und Wertschöpfung für Aktionäre besitzt.
Positive
OCC order validates Dream Chasers' push for strategic improvements and board accountability
Mandatory implementation of new strategies for earnings, growth, and profitability
Required development of new product lines and internet strategy to generate customers and revenue
Enhanced board oversight and compliance procedures to be implemented
Dream Chasers won 70% of retail voter support in recent proxy contest
Negative
Bank's historical poor performance and continued losses under current management
Regulatory intervention required to force necessary changes
Mandatory compliance with OCC directives indicates serious operational deficiencies
Current risk management and oversight procedures deemed inadequate by regulators
Corrected release fixes a mistake in the headline
-Fund declares Major victory for shareholders of the bank
-New OCC agreement validates Dream Chasers' push for earnings, shareholder value creation and board accountability
NEW YORK, NY / ACCESS Newswire / May 21, 2025 / In a major development, the Office of the Comptroller of the Currency (the "OCC") on 5/16/ 25 (Friday ) ordered Carver Bancorp (NASDAQ:CARV) ("Carver" or "the bank") to embark on new strategic planning that will deliver earnings and profitability to the bank.
The OCC ordered the bank to take immediate steps to improve risk management, earnings performance, growth, capital, new product line development, develop an effective internet strategy to generate customers and revenues, identify markets niches and and observe executive compensation.
Additionally, the OCC required the Board to strengthen its oversight and compliance procedures, develop systems to monitor the bank's health and issue progress reports to the OCC after each quarter on the bank's execution of these new directives/plans
These changes mirror the concerns Dream Chasers has raised in recent years, culminating in the December, 2024 proxy contest where Dream Chasers and its nominees won the support of over 70% of the retail voters.
The OCC order requires Carver's Board to submit a three-year strategic plan to execute on the required changes by September 25th, 2025.
Greg Lewis, CEO of Dream Chasers said, "Shareholders should welcome the OCC action, but it should never have come to this. The Carver Board and management team have overseen losses and poor performance for far too long. This is vindication of everything we have pointed out in recent years and a net positive for shareholders if the Board makes substantive changes. As one of the largest African American banks in the country there is no limit to how high this bank could rise, which would deliver massive upside and shareholder value."
"We hope this new OCC action will bring about a new set of investor-focused actions at Carver. As the biggest shareholder in Carver, we will stay vigilant and make sure the Board and management execute on the opportunity in front of them. Now they have to put the interest of shareholders first."
The full OCC agreement with Carver can be see here: sec.gov/Archives/edgar/data/1016178/000094337425000211/ex10-1.htm.
What changes did the OCC order Carver Bancorp (CARV) to make in May 2025?
The OCC ordered Carver Bancorp to improve risk management, earnings performance, growth, capital, develop new product lines, implement an internet strategy, identify market niches, and enhance board oversight. The bank must submit a three-year strategic plan by September 25th, 2025.
How did Dream Chasers perform in Carver Bancorp's December 2024 proxy contest?
Dream Chasers and its nominees won the support of over 70% of the retail voters in the December 2024 proxy contest.
What is the deadline for Carver Bancorp (CARV) to submit its strategic plan to the OCC?
Carver Bancorp must submit its three-year strategic plan to the OCC by September 25th, 2025.
What specific areas must Carver Bancorp improve according to the OCC order?
Carver must improve risk management, earnings performance, growth, capital, new product development, internet strategy, market niche identification, executive compensation, and board oversight procedures.
Who is the CEO of Dream Chasers and what was their response to the OCC order?
Greg Lewis is the CEO of Dream Chasers. He welcomed the OCC action, stating it validates their concerns about Carver's poor performance and should be positive for shareholders if the Board makes substantive changes.
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