Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank (Carver Federal or Bank), a U.S. government chartered savings bank ("federally chartered savings bank"). The Company conducts its business as a unitary savings and loan holding company, and the business of the Company consists of the management of its subsidiary, Carver Federal. Carver Federal serves African American communities whose residents, businesses and institutions have limited access to mainstream financial services. The bank engages in a range of retail and commercial banking services. It offers deposit products in its New York City market area, such as demand, savings, and time deposits for consumers and businesses, as well as government and quasi-government agencies. It also offers other consumer and business banking products and services, such as debit cards, online banking, online bill payment, and telephone banking. It also offers a range of products and services under the Carver Community Cash brand for people who are unbanked or have limited access to financial services.