---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000032"
form_type: "8-K"
ticker: "CARV"
cik: "0001016178"
company_name: "CARVER BANCORP INC"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:27:08.610571+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OCC terminates 2016 Formal Agreement with Carver Federal Savings Bank; capital minimum ratios unchanged

## Summary
- OCC terminated the Formal Agreement dated May 24, 2016, effective January 18, 2023.
- Individual Minimum Capital Ratio letter remains: Tier 1 leverage 9%, total risk-based capital 12%.
- Federal Reserve approval still required for dividends, debt increase, or common stock redemption.
- Termination removes a regulatory constraint, a positive step for the bank's operational flexibility.

## SEC filing metadata
- accession: 0000943374-23-000032
- form_type: 8-K
- ticker: CARV
- cik: 0001016178
- company_name: CARVER BANCORP INC
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1016178/000094337423000032/0000943374-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1016178/000094337423000032/form8k_011823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000032
- JSON: https://secwatch.observer/filing/0000943374-23-000032.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000032.txt

## Key facts
- Material Agreements
  CARVER BANCORP INC terminated Formal Agreement with Office of Comptroller of the Currency (OCC) valued at Termination of Formal Agreement (effective 2023-01-18).
  - Action: termination
  - Counterparty: Office of Comptroller of the Currency (OCC)
  - Value: Termination of Formal Agreement
  - Effective: 2023-01-18
  source text: On January 18, 2023, the Office of Comptroller of the Currency (“OCC”) notified Carver Federal Savings Bank (the “Bank”), the wholly-owned subsidiary of Carver Bancorp, Inc. (the “Company”), that the Formal Agreement between the Bank and the OCC dated May 24, 2016 (the “Agreement”) was terminated, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016178/000094337423000032/0000943374-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.