Market Cap: $9 million | Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York.

• On December 12, 2022, Dream Chaser’s Capital Grup (5.51%), Shawn Paul Herrera  (1.68%) and Kevin Scott Winters  (3.83%) entered into the Voting Agreement because they all believe that the Company represents an attractive investment based on the Company’s business prospects, strategy, and share price. They believe that the Company is undervalued, and they intend to push for operational changes to enhance shareholder value.
• On December 20, 2022, Jeffrey John Bailey (7%) stated his belief that the Company is undervalued, and he intends to push for operational changes to enhance shareholder value. Source
• On July 23, 2024, Dream Chasers Capital Group LLC (5%) stated that it was nominating two new directors to the board and urging shareholders to vote for them at the upcoming annual meeting. Dream Chasers believed these nominees would drive a new growth strategy, enhancing profitability and shareholder value. They warned that any resistance to their nominations could negatively impact Carver’s stock price and capital-raising ability, posing a risk to the bank’s future. Source
• On October 24, 2024, Dream Chasers Capital Group LLC filed proxy materials seeking support for its nominees.
• On November 12, 2024, Dream Chasers Capital Group LLC filed proxy materials seeking support for its nominees.
• On November 19, 2024, Dream Chasers Capital Group LLC filed proxy materials seeking support for its nominees.
• On December 9, 2024, Dream Chasers Capital Group urged shareholders to vote by December 11, 2024, for Jeffrey Anderson and Jeffrey Bailey as new board members to drive change, growth, and profitability.

At the AGM on December 12, 2024, preliminary results indicated the election of two incumbent directors to the Board. Meanwhile, Dream Chasers Capital Group reported strong retail shareholder support, with 70% backing their board nominees, Jeffrey Anderson and Jeffrey Bailey, at Carver Bancorp's AGM on December 12, 2024. Concerns were raised over the 45-minute extension of voting, lack of transparency in vote counts, and possible high-pressure tactics to sway large shareholders. Dream Chasers called for the immediate appointment of their nominees, disclosure of voting details, and an explanation of ignored shareholder questions. They also highlighted the failed "say-on-pay" vote as evidence of shareholder dissatisfaction and urged Carver's CEO and board to demonstrate genuine engagement and accountability. Source