Core Viewpoint - Carver Bancorp, Inc. has provided an update regarding its engagement with Dream Chasers Capital Group, highlighting ongoing issues related to director nominations for the upcoming Annual Meeting of Stockholders [1] Group 1: Engagement with Dream Chasers - In October 2025, Dream Chasers attempted to nominate two individuals for election to Carver's Board of Directors, but the Board found the submission non-compliant with the Company's Bylaws [1] - After a four-month period, Dream Chasers made a second nomination attempt on February 20, 2026, just hours before the submission deadline [1] - The Board reviewed the second submission and again determined it did not comply with the Bylaws, informing Dream Chasers that it could not submit nominations for the Annual Meeting [1] Group 2: Company’s Position - Carver Bancorp remains open to engaging with Dream Chasers for a mutually agreeable resolution regarding Board composition, despite Dream Chasers' lack of interest in constructive dialogue [1] - The Company emphasizes its commitment to acting in the best interests of the Bank and all stockholders [1] Group 3: Company Background - Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, founded in 1948 to serve historically underserved communities in New York [1] - The U.S. Treasury Department has designated Carver as a Community Development Financial Institution due to its focus on community banking services [1] - Carver is one of the largest African- and Caribbean-American-managed banks in the U.S., with an online banking presence across nine states [1]