Carver Bancorp Addresses Recent Market Activity In The Company's Common Stock

NEW YORK, May 17, 2018 /PRNewswire/ -- Carver Bancorp, Inc. (the "Company") (NASDAQ: CARV), the holding company for Carver Federal Savings Bank, has noted increased trading activity in the Company's stock. While the Company's general policy is not to comment on market rumors or speculation, including market activities, the Company confirms that it has not taken any corporate action that would explain the trading activity and is not in possession of any material, non-public information that would prompt the trading activity.

Further, to the Company's knowledge, no insiders have sold or acquired any of the Company's shares recently. The Company is committed to working with regulatory agencies and professionals to insure a fair and efficient market for its securities.