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Carver Federal Savings Bank Launches New Online & Mobile-Ready Banking Platform

-- New Platform Provides a Streamlined Online Banking Experience --

-- Customers Can Easily Send Money to Others Via Popmoney --

NEW YORK, Sept. 9, 2014 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. (Nasdaq:CARV), the holding company for Carver Federal Savings Bank ("Carver" or the "Bank"), today announced that the Bank has launched a new online and mobile-ready banking platform that allows customers to "Bank on the Go" with convenient remote access to make deposits, transfer funds, pay bills, and make person-to-person money transfers. These banking features are easily accessed on the web, smartphone (Apple or Android), or tablet by visiting www.carverbank.com. New and existing depositors can now also open accounts online.

Michael T. Pugh, Carver President and Chief Operating Officer remarked: "Given how 'wired' consumers are today, our new online banking platform is a prudent investment in increasing Carver's market penetration in New York City. Our state-of-the-art technology will improve efficiency for customers and employees, so more of our focus can shift to improving the customer experience and growing our business, through direct and personal outreach by our banking staff."

Mr. Pugh added: "A robust online banking offering is a key ingredient to attracting and retaining Generation Y and Millennial customers who may not have a traditional banking relationship at this stage in their life. As we celebrate our 65th anniversary as a New York City community bank, we want to introduce these potential new customers to the Carver family and become their community bank of choice for the next 65 years."

Carver's new online banking platform utilizes the latest security, encryption and firewall protections. Fiserv, Inc., a leading global provider of information management and electronic commerce systems for the financial services industry, provides the core operating system.

"We are excited to offer our customers an expanded suite of online banking products that now includes mobile deposit capture, mobile banking and Popmoney®, among other features," said Betty Aquino, Vice President, Retail District Manager. "Rollout of our new platform has been well received by existing customers, many of whom are impressed by the ease in which they can send money from their Carver accounts, to virtually anyone who is online, with a few quick clicks on their smartphone or tablet through Popmoney. Moreover, customers can now take a picture of a check and deposit it directly into their Carver account without a branch visit."

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 Federal Savings Bank