SCHEDULE 14A INFORMATION
                Proxy Statement Pursuant to Section 14(a) of the
                        Securities Exchange Act of 1934

Filed by the Registrant [ ]

Filed by a Party other than the Registrant [X]

Check the appropriate box:

[ ]     Preliminary Proxy Statement
[ ]     Confidential, for Use of the Commission Only
        (as permitted by Rule 14a-6(e)(2))
[ ]     Definitive Proxy Statement
[x]     Definitive Additional Materials
[ ]     Soliciting Materials Pursuant to ss. 240.14a-12

                              Carver Bancorp, Inc.
- --------------------------------------------------------------------------------

                (Name of Registrant as Specified in its Charter)

                             Boston Bank of Commerce
- --------------------------------------------------------------------------------

       (Name of Person(s) Filing Proxy Statement if other than Registrant)

Payment of Filing Fee (Check the appropriate box):

[ ]  No fee required.

[ ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

         1)      Title of each class of securities to which transaction applies:
                 ------------------------------------------------------------

         2)      Aggregate number of securities to which transaction applies:
                 ------------------------------------------------------------

         3)      Per unit price or other underlying value of transaction
                 computed pursuant to Exchange Act Rule 0- 11(Set forth the
                 amount on which the filing fee is calculated and state how it
                 was determined):
                 ------------------------------------------------------------

         4)      Proposed maximum aggregate value of transaction:
                 ------------------------------------------------------------

         5)      Total fee paid:
                 ------------------------------------------------------------

[ ]  Fee paid previously with preliminary materials.
[ ]  Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.

         1)      Amount Previously Paid:


         2)      Form, Schedule or Registration Statement No.:


         3)      Filing Party:


         4)      Date Filed:




                           The Boston Bank of Commerce
                            BBC Capital Market, Inc.
                               133 Federal Street
                                Boston, MA 02110
                                 (617) 457-4400



                                                              February 17, 2000


Dear Carver Bancorp Plan Participant:

                       YOUR VOTE IS STRICTLY CONFIDENTIAL


                  Enclosed is a letter that we sent to all shareholders of
Carver Bancorp, Inc. As a participant in Carver's ESOP and/or 401K Plan, you are
entitled to give the Trustee of the Plans instructions on how to vote your
shares held under the Plan. Those instructions will be kept confidential by the
Trustee, who is not in any way affiliated with Carver's management.

                  If you have any questions or require assistance voting, please
call our proxy solicitor, Lawrence Dennedy, at MacKenzie Partners, Inc. at
800-322-2885 or 212-929-5500 (call collect).

                                         Sincerely,


                                         Kevin Cohee
                                         Chairman and Chief Executive Officer



                                         Teri Williams
                                         Senior Vice President