8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 8, 2006

________________________

CARVER BANCORP, INC.

(Exact name of registrant as specified in its charter)

________________________

Delaware	0-21487	13-3904147
(State or Other Jurisdiction of Incorporation )	(Commission File Number)	(IRS Employer Identification No.)

75 West 125^th Street, New York, NY 10027-4512

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (212) 876-4747

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEMS 1 THROUGH 7.     NOT APPLICABLE.

ITEM 8.01 OTHER EVENTS.

On November 8, 2006 Carver Bancorp, Inc. issued a press release announcing that on November 7, 2006 it declared a cash dividend on its common stock of $0.09 per share for the quarter ended September 30, 2006, payable on December 5, 2006to stockholders of record at the close of business on November 21, 2006.

A copy of the press release is attached as Exhibit 99.1 to this Report.

ITEM 9.01.                            FINANCIAL STATEMENTS AND EXHIBITS.

(a) - (b)	Not applicable.
(c)	Exhibits
	The following Exhibits are filed as part of this report.
	Exhibit 99.1 Press release dated November 8, 2006.

SIGNATURE

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/ Deborah C. Wright
Name:	Deborah C. Wright
Title:	Chairman & Chief Executive Officer

Dated: November 13, 2006

EXHIBIT INDEX
Exhibit Number	Description
99.1	Press release dated November 8, 2006.

EX-99.1

FOR IMMEDIATE RELEASE

Contact:	William Gray	David Lilly/Joseph Kuo
	Carver Bancorp, Inc.	Kekst and Company
	Telephone: (212) 360-8840	Telephone: (212) 521-4800

CARVER BANCORP, INC. DECLARES CASH DIVIDEND

ON COMMON STOCK OF $0.09 PER SHARE FOR SECOND QUARTER

New York, New York, November 8, 2006 - Carver Bancorp, Inc. (the “Company” or “Carver”) (AMEX: CNY) today announced that on November 7, 2006 its Board of Directors declared a cash dividend on its common stock of nine cents ($0.09) per share for the quarter ended September 30, 2006. Deborah C. Wright, Chairman of the Board, President & CEO, said: “The dividend for this quarter evidences the Board of Directors’ continued confidence in Carver’s long-term growth and earnings outlook.” The dividend will be payable on December 5, 2006to stockholders of record at the close of business on November 21, 2006.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver Federal Savings Bank, the largest African- and Caribbean-American run bank in the United States operates ten full-service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. For further information, please visit the Company’s website at www.carverbank.com.

Statements contained in this news release, which are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by the use of such words as “believe,” “expect,” “anticipate,” “intend,” “should,” “will,” “would,” “could,” “may,” “planned,” “estimated,” “potential,” “outlook,” “predict,” “project” and similar terms and phrases, including references to assumptions. Forward-looking statements are based on various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond the Company’s control, that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Factors which could result in material variations include, without limitation, the Company's success in implementing its initiatives, including expanding its product line, adding new branches and ATM centers, successfully re-branding its image and achieving greater operating efficiencies; increases in competitive pressure among financial institutions or non-financial institutions; legislative or regulatory changes which may adversely affect the Company’s business or increase the cost of doing business; technological changes which may be more difficult or expensive than we anticipate; changes in interest rates which may reduce net interest margins and net interest income; changes in deposit flows, loan demand or real estate values which may adversely affect the Company’s business; changes in accounting principles, policies or guidelines which may cause the Company’s condition to be perceived differently; litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, which may delay the occurrence or non-occurrence of events longer than anticipated; the ability of the Company to originate and purchase loans with attractive terms and acceptable credit quality; and general economic conditions, either nationally or locally in some or all areas in which the Company does business, or conditions in the securities markets or the banking industry which could affect liquidity in the capital markets, the volume of loan origination, deposit flows, real estate values, the levels of non-interest income and the amount of loan losses. The forward-looking statements contained in this news release are made as of the date of this report, and the Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. You should consider these risks and uncertainties in evaluating forward-looking statements and you should not place undue reliance on these statements.

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