secwatch.observer — SEC 8-K summary
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Issuer:     CARVER BANCORP INC (CARV)
CIK:        0001016178
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0000943374-23-000032
Event type: regulatory
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016178/000094337423000032/0000943374-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016178/000094337423000032/form8k_011823.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000032

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