Carver Bancorp raises $4M via private placement of Series F preferred stock to J.P. Morgan

CARVER BANCORP INC

Sold 4,000 shares of Series F non-cumulative, non-voting, non-convertible participating preferred stock at $1,000/share for $4.0M gross proceeds.
Proceeds from the private placement will be used for general corporate purposes.
Shares redeemable at the company's option on or after September 27, 2026.
Amended certificate of designations increased authorized Series F shares from 5,000 to 9,000.
No underwriting discounts or commissions; offering exempt under Rule 506 of Regulation D.

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