Carver_2Deborah Wright, or "Deb" as friends call her, is chairman and chief executive officer of Carver Federal Savings Bank, the largest black bank in America, which recently celebrated being listed on NASDAQ. Deb also serves on the Operation HOPE Northeast Board of Directors.

Here Deb and her colleagues "ring the bell" at NASDAQ! Proud of you Deb. Proud of you friend.

Deb is the niece of Children’s Defense Fund founder, Marian Wright Edelman. Deb has "legacy" in her blood. Carver Federal Savings Bank is a new partner in our soon-to-be announced Harlem HOPE Center.

New York, New York, August 17, 2007– Carver Bancorp, Inc. (“Carver”) (NASDAQ: CARV), the holding company for Carver Federal Savings Bank, announced that it recently celebrated its listing on the NASDAQ Stock Market. Bob Greifeld, President and CEO of the NASDAQ Stock Market, welcomed Carver Chairman and CEO Deborah C. Wright, Lead Director Robert Holland and the Carver Executive Team to the official “closing bell” ceremony held at the NASDAQ MarketSite in Times Square on Wednesday. Ms. Wright spoke about the founders of Carver and the pride of today’s board of directors and management team in continuing their legacy of leadership by ushering Carver into another decade of growth. “When you think of the NASDAQ you think growth and innovation. We at Carver are very excited to be listed on the NASDAQ, one of the world’s most dynamic markets, and expect that our investors will benefit from the market’s liquidity, efficiency and visibility,” said Ms. Wright. “Our team is proud to represent our investors, customers and community in taking this important step to expand our equity base.” About Carver Bancorp, Inc. 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 Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.

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