-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UAeOLreTothJjyPFMfTtdLTigHOyjaXoc/0olVLchhPGmnjN/Yxhb/9VS/RWpQuB Wln+1xXltQkoA+xVJ3XQBg== 0000882377-98-000064.txt : 19980210 0000882377-98-000064.hdr.sgml : 19980210 ACCESSION NUMBER: 0000882377-98-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980128 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980209 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARVER BANCORP INC CENTRAL INDEX KEY: 0001016178 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 133904174 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13007 FILM NUMBER: 98526412 BUSINESS ADDRESS: STREET 1: 75 W 125TH ST CITY: NEW YORK STATE: NY ZIP: 10027-4512 BUSINESS PHONE: 2128764747 MAIL ADDRESS: STREET 1: 75 W 125TH ST CITY: NEW YORK STATE: NY ZIP: 10027-4512 8-K 1 CARVER BANCORP, INC. ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934 ------------------------------ Date of Report (Date of earliest event reported): January 28, 1998 CARVER BANCORP, INC. (Exact name of registrant as specified in its charter) DELAWARE (State or other 0-21487 13-3904174 jurisdiction of (Commission File (IRS Employer incorporation) Number) Identification No.) 75 WEST 125TH STREET NEW YORK, NEW YORK 10027-4512 (212) 876-4747 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (212) 876-4747 NOT APPLICABLE (Former name or former address, if changed since last report) ================================================================================ ITEMS 1-4, 6. NOT APPLICABLE. ITEM 5. OTHER EVENTS. On January 28, 1998, Carver Bancorp, Inc. (the "Company"), the holding company for Carver Federal Savings Bank (the "Bank"), a federally chartered stock savings bank, announced that it had entered into a definitive agreement to sell the Bank's branch office located in Roosevelt, New York to City National Bank of New Jersey. The Roosevelt branch office is located in Nassau County and has deposits of approximately $10 million. Pending receipt of regulatory approvals, the transaction is expected to close by March 31, 1998. The Company's press release, dated January 28, 1998, is attached hereto as Exhibit 99, and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. EXHIBIT NO. DESCRIPTION ----------- ----------- Press Release, dated January 28, 1998, announcing 99 execution of the Asset Purchase and Sale Agreement ITEMS 8 & 9. NOT APPLICABLE. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARVER BANCORP, INC. By: /s/ Thomas L. Clark, Jr. ---------------------------- Thomas L. Clark, Jr. President and Chief Executive Officer Date: February 5, 1998 EXHIBIT INDEX EXHIBIT DESCRIPTION ------- ----------- Press Release, dated January 28, 1998, announcing execution of the 99 Asset Purchase and Sale Agreement EX-99 2 ADDITIONAL EXHIBITS EXHIBIT 99 NEW YORK, Jan. 28 -- Carver Bancorp, Inc., (Amex: CNY) ("Carver") the holding company for Carver Federal Savings Bank, announced today that its bank subsidiary has entered into a definitive agreement to sell its Roosevelt Office ("Branch") to City National Bank of New Jersey ("City National Bank"). The branch is located in Nassau County, New York, and has deposits of approximately $10.0 million. Thomas L. Clark, Jr., President and Chief Executive Officer of Carver commented, "In reviewing our branching strategy, we deemed the sale of the Roosevelt Office to be mutually beneficial to Carver, City National Bank, and the Roosevelt community. We are pleased that the banking customers located in Roosevelt will be afforded additional attention and the commercial banking products of City National Bank." Mr. Clark added, "We reviewed several options and we feel City National Bank will provide the quality of service that we want our customers to receive." Louis E. Prezeau, President and Chief Executive Officer of City National Bank commented, "City National Bank is eager to serve the ethnically diverse community of Roosevelt. This transaction with Carver solidifies our mutual long-standing relationship and will augment our joint participation in various loans to churches and business in New York." Mr. Prezeau added, "This transaction offers City National Bank the opportunity to enter the New York market and to offer the kind of specialized service that we provide to the urban communities of New Jersey." Pending regulatory approvals, the transaction is expected to close by March 31, 1998. At the consummation of the transaction, Carver will have over $400.0 million in assets and operate six full service banking locations in the New York City boroughs of: Brooklyn, Queens, and Manhattan. At the close of the transaction, City National Bank headquartered in Newark, New Jersey, will have four banking locations and operate both in New Jersey and New York. SOURCE Carver Bancorp, Inc. /CONTACT: Walter T. Bond, Acting Chief Financial Officer of Carver Federal Savings Bank, 212-876-4747, ext. 146; or Edward R. Wright, Chief Financial Officer of City National Bank, 973-624-0865, ext. 644/ (CNY) -----END PRIVACY-ENHANCED MESSAGE-----