Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank (the Bank), a federally chartered savings bank. The Company conducts business as a unitary savings and loan holding company, and its principal business consists of the operation of its wholly owned subsidiary, the Bank. Carver Federal was founded as an African-American-operated institution to provide residents of under-served communities with the ability to invest their savings and obtain credit. Carver Federals principal business consists of attracting deposit accounts through its branch offices and investing those funds in mortgage loans and other investments permitted to federal savings banks.