Carver Bancorp, Inc. Appoints LaMae Allen deJongh to Board of Directors

Carver Bancorp, Inc. Appoints LaMae Allen deJongh to Board of Directors

NEW YORK, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver" or
the "Company") (Nasdaq:CARV), the holding company for Carver Federal Savings
Bank, announced that LaMae Allen deJongh has been appointed to the Company's
Board of Directors, effective March 1, 2014. Ms. deJongh's background includes
25 years at management consulting firm Accenture, where she worked closely
with global financial institutions on business performance.

"LaMae brings a wealth of experience in the financial services space, and she
will be a valuable resource as we continue to support Carver's management team
with execution of its business strategy," said Robert Holland, Lead
Independent Director of Carver. "She joins the three new directors we added
last September as we continue to expand the Carver Board with important new
skills and perspectives."

Ms. deJongh's appointment brings the total number of Carver directors to
eleven.

Deborah C. Wright, Carver Chairman and Chief Executive Officer added, "We are
delighted to welcome another distinguished executive to our Board. Ms.
deJongh's diverse experience advising financial institutions and companies at
critical junctures, including execution of strategic change initiatives,
re-engineering critical business processes, and human capital development,
will be invaluable to our organization. As we accelerate our efforts to
complete Carver's turnaround, we are very fortunate to have her relevant
experience to draw upon."

Ms. deJongh was a partner at Accenture from 1987 to 2012, where she helped
financial institutions increase revenues and reduce costs by providing
consulting, technology and outsourcing solutions and had a leadership role in
the firm's North America Capital Markets practice. Alongside her client
service work, Ms. deJongh helped addressed Accenture's human capital strategy,
bringing focus to the recruitment, retention, development and advancement of
talent; inclusion and diversity; and corporate citizenship. She also
contributed to strategy-setting and day-to-day operations of Accenture through
participation on the CEO Advisory Council, North America Leadership Team,
Accenture US Foundation, and Accenture US Investments/Benefits Co.

Ms. deJongh was recognized by Crain's Business as one of New York City's Top
40 under 40 rising business leaders, and she is a David Rockefeller Fellow.
She holds a B.A. from Princeton University. She serves as Co-Vice Chair of the
Board of the Children's Museum of Manhattan.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a
federally chartered stock savings bank, founded in 1948 to serve African
American communities whose residents, businesses and institutions had limited
access to mainstream financial services. Carver, the largest African-American
and Caribbean run bank in the United States, operates 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.

Forward Looking Statements

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.

CONTACT: Ruth Pachman/Michael Herley
         Kekst and Company
         212-521-4800
 
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