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Carver Bancorp, Inc. Message Board

  • no_slappz no_slappz Apr 26, 2010 8:08 PM Flag

    David Hinds Retires From Carver Board

    Another one bites the dust. Maybe this resignation will bring the bank to the point when it allows itself to be taken over.

    NEW YORK, March 24, 2010 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. today announced that David Hinds will retire as a member of its Board of Directors effective March 31, 2010.

    Mr. Hinds has been a Director since July 2000. During that time, he served as chairman of the Finance and Audit Committee and as a member of the Asset Liability and Interest Rate Risk Committee.

    The Board has appointed Robert Tarter, a member of its Board of Directors since 2006, as chairman of the Board's Finance and Audit Committee. He will continue to serve on the Compensation Committee.

    Bob is a veteran financial services executive, having spent 15 years of his career at State Street Bank, following a prior career of 24 years at Bankers Trust. Bob retired from State Street Bank in 2009.

    "I have had the great privilege of serving on Carver's Board for the past ten years. Carver's dedication to its shareholders, customers and the communities it serves makes it a truly exemplary institution," said Mr. Hinds.

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    • Anybody still read the CARV message board? I see that last quarter was profitable. If the B of D reports another profitable quarter, we may see a resumption of dividend payments. Evidently, New York neighborhood lending is a profitable niche market. The new Neighborhood Financial Center is a confirmation of this concept. Go CARV! Clark

      • 1 Reply to clarkpetersen1944
      • clark, you wrote:

        "Evidently, New York neighborhood lending is a profitable niche market. The new Neighborhood Financial Center is a confirmation of this concept. Go CARV! Clark"

        No. Neighborhood lending is NOT profitable for Carver. Why? Carver itself hardly ever originates a loan. Carver picks up loans from other banks.

        It's more of a mortgage fund than a bank.

    • Anybody still reading the CARV message board? I'm just speculating about the future, but I notice that CARV is profitable for the last quarter. If the B of D reports another profitable quarter for the current quarter, we may see a resumption of dividend payments. Evidently, New York neighborhood lending is a profitable niche market. Clark

 
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