Dream Chasers urgers Carver Bancorp shareholders to vote for its board nominees

Dream Chasers Capital Group urged shareholders of Carver Bancorp (CARV) to vote for change ahead of this week’s Annual Meeting of Shareholders.The deadline to vote electronically is 11:59 PM on Wednesday, December 11, 2024, ahead of the Annual Meeting the following day.In an open letter, Dream Chasers encouraged all shareholders to vote FOR Mr. Jeffrey “Jeff” Anderson and Mr. Jeffrey Bailey for election to the Board of Directors and to vote WITHHOLD on the two Directors that are up for re-election. “The final countdown for Carver’s future is now,” said Greg Lewis, CEO. “Either we are going to double down on the status quo of not delivering for the community or shareholders at Carver, or we will turn the page with two successful, qualified and focused directors to drive change. Whether you’re an institutional or retail shareholder, we can all agree that new ideas and energy are necessary.”We have heard from a large number of shareholders who are excited about the possibility of change at Carver because they believe in the Company and want it to serve the community as well as possible. To me, the biggest tragedy is that successive Carver Boards have had the opportunity to transform the bank into a national champion providing business loans, mortgages, and stock market investments to African Americans to build wealth and have squandered that chance. All this Board has to show after ten years at the helm is a once promising 75-year-old bank with $9.4 million in market capitalization and a $1.831 stock price. But I don’t think it is ever too late. Mr. Anderson and Mr. Bailey will bring new voices, energy and experience to the Board, and will help get Carver back on track for growth and profitability. With your support, Carver’s best days are ahead.”