Press ReleaseSource: Carver Bancorp, Inc.

Carver Bancorp Provides Summary of Annual Meeting
Wednesday September 17, 2008 4:05 pm ET

NEW YORK, Sept. 17, 2008 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. (NasdaqGM:CARV - News), the holding company for Carver Federal Savings Bank, today reported that, at its Annual Meeting of Stockholders held September 16, 2008, Chairman and Chief Executive Officer Deborah C. Wright provided a review of fiscal year 2008 and the first quarter of fiscal year 2009 for Carver's stockholders and outlined recent accomplishments and growth initiatives for fiscal year 2009. Ms. Wright noted that Carver will be celebrating its 60th anniversary this year, paid tribute in her presentation to the founding officers of the Company, and also acknowledged current stockholders, board members, and staff.

At the Annual Meeting, stockholders re-elected Edward B. Ruggiero and Carol Baldwin Moody to the Board of Directors, and ratified the appointment of KPMG LLP as Carver's independent registered public accounting firm for the fiscal year ending March 31, 2009.

A copy of Ms. Wright's presentation at the Annual Meeting is available on the Investor Relations page of Carver's website at http://www.carverbank.com.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver Federal Savings Bank, the largest African- and Caribbean-American-run bank in the United States, operates ten full-service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. For further information, please visit the Company's website at http://www.carverbank.com.

Certain statements in this press release are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.


Contact:
          For Carver Bancorp, Inc.:
          Kekst and Company
          David Lilly/Joseph Kuo
          (212) 521-4800

Source: Carver Bancorp, Inc.


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