Dream Chasers to Carver Board: Shareholders are Fed Up, Time to Start Winning Again

Core Viewpoint - Carver Bancorp, Inc. reported a second quarter loss of $2.1 million, an increase from a $1.48 million loss in the same quarter of 2023, highlighting ongoing financial struggles and prompting calls for change in leadership [1][2][3] Financial Performance - Carver has accumulated $25 million in losses over the last ten years, resulting in an approximately 80% drop in stock price [1][9] - A $10,000 investment in Carver in 2014 would now be worth only about $2,000 [1][9] Leadership Change Proposal - Dream Chasers Capital Group is urging shareholders to vote for the election of Mr. Jeffrey "Jeff" Anderson and Mr. Jeffrey Bailey to the Board of Directors, while withholding votes for non-performing directors [1][3] - The current Board has been criticized for failing to deliver shareholder value over the past decade, necessitating new leadership [3] Qualifications of Proposed Directors - Mr. Anderson is noted for his experience as the former CFO of J.P. Morgan's Northeast Region Retail Banking, overseeing $100 billion in assets [3] - Mr. Bailey is recognized as a successful business owner and Carver's largest individual shareholder, expected to lead initiatives for profitability and shareholder value enhancement [3]