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Carver Bancorp Appoints Isaac Torres as Vice President, Assistant General Counsel and Corporate Secretary

NEW YORK, June 16, 2014 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. (the "Company") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank ("Carver" or the "Bank"), announced today the appointment of Isaac Torres as Vice President, Assistant General Counsel and Corporate Secretary. Mr. Torres will be responsible for the legal, regulatory, compliance and corporate governance functions and will report to Deborah C. Wright, the Company's Chairman and Chief Executive Officer. He previously was Assistant Vice President and Assistant Corporate Secretary of MetLife, Inc.

"Isaac is a skilled legal professional who comes to Carver with a strong background in both corporate compliance and the financial services industry," said Ms. Wright. "His experience at a Fortune-50 financial services corporation, along with his work in public finance and community development, make him a strong addition to our senior management team. We welcome him to our organization and look forward to his future contributions."

Before joining MetLife, Inc., Mr. Torres was a lawyer with the Wall Street firm of Hawkins Delafield & Wood LLP, where he practiced in the areas of public finance and economic development. He began his career with the New York City Mayor's Office of Management & Budget and was later appointed Budget Director of the New York City Department of Design & Construction.

Mr. Torres is a graduate of St. John's University Law School, and is admitted to practice in the states of New York and New Jersey. He is a member of the New York City Bar Association, the Association of Corporate Counsel and the Society of Corporate Secretaries & Governance Professionals. He received a BA in Political Science from Stony Brook University and an MS in Management & Policy Analysis from the New School for Social Research, where he was an Alfred P. Sloan Fellow.

His past military service includes duty as an officer in various capacities with the U.S. Army Reserve.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Carver has been designated by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) because of its community-focused banking services and dedication to the economic viability and revitalization of underserved neighborhoods. Carver is the largest African- and Caribbean-American run bank in the United States, with ten full-service branches in the New York City boroughs of Brooklyn, Manhattan, and Queens. For further information, please visit the Company's website at www.carverbank.com.

CONTACT: Michael Herley/Ruth Pachman Kekst and Company (212) 521-4897/4891 michael-herley@kekst.com ruth-pachman@kekst.com Michael T. Pugh President and Chief Operating Officer Carver Federal Savings Bank (212) 360-8840 michael.pugh@carverbank.comSource:Carver Bancorp, Inc.