Carver Federal Savings Bank Appoints Tony Holmes as First Vice President, Retail Banking & Business Development Officer, Strengthening Commitment to Community Empowerment

Carver Federal Savings Bank (“Carver”) has proudly announced the strategic appointment of Tony Holmes as the First Vice President of Retail Banking & Business Development Officer. With over two decades of experience garnered from esteemed financial institutions such as JPMorgan Chase, Bank of America, and ESL Federal Credit Union, Holmes joins Carver with a wealth of expertise aimed at advancing the bank’s mission to serve and empower its communities.

In his newly established role, Holmes will lead the formulation and implementation of innovative retail branch business strategies, drive sales and marketing initiatives, and offer senior-level managerial support. He will report directly to Marc Winkler, Senior Vice President, and Chief Administrative Officer.

A native of Philadelphia and a resident of Brooklyn’s Bedford-Stuyvesant area for more than ten years, Holmes is an alumnus of Temple University, where he obtained his bachelor’s degree in business, followed by an MBA from LaSalle University. His deep ties to the community, coupled with his academic background, position him to play a pivotal role in advancing Carver’s strategic objectives in retail banking.

Expressing his enthusiasm for his new role, Holmes emphasized his commitment to perpetuating a legacy of empowerment and financial inclusivity for communities across the Greater New York City region. He looks forward to introducing innovative solutions tailored to Carver’s diverse and entrepreneurial clientele, thereby amplifying Carver’s impact and fostering economic growth.

Tony Holmes’s appointment underscores Carver’s steadfast dedication to growth and innovation in the banking sector, as noted by Craig C. MacKay, Carver’s Interim CEO.

Carver Bancorp, Inc. (NASDAQ: CARV), the holding company for Carver Federal Savings Bank, has been a cornerstone of strength and support for communities of color since its establishment in 1948. Headquartered in Harlem, NY, Carver’s commitment to community-focused banking services has earned it recognition as a Community Development Financial Institution (“CDFI”) by the U.S. Treasury Department. Carver are biggest African- and Caribbean-American banks in the United States. The recent expansion of its online presence to include consumer checking and savings accounts across nine states underscores its commitment to meeting the evolving needs of its clientele.

For further information, please visit Carver’s website at www.carverbank.com and connect with Carver on social media platforms such as Facebook, LinkedIn, and Twitter.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act, reflecting management’s current expectations, and subject to uncertainties and changes in circumstances. Actual results may differ materially due to various factors, risks, and uncertainties, as detailed in Carver’s filings with the Securities and Exchange Commission.