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Carver Bancorp, Inc. Message Board

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  • clarkpetersen1944 clarkpetersen1944 Jul 13, 2010 7:43 PM Flag

    David Hinds Retires From Carver Board

    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

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    • 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.

 
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