Carver holders convert all 100,000 series A, B preferreds prior to redemption

Pittsburgh, Oct. 20 - Carver Bancorp Inc. said holders of all 40,000 outstanding shares of its series A convertible preferred stock and all 60,000 outstanding shares of its series B convertible preferred stock elected to convert their preferreds into shares of Carver common stock prior to redemption.

The holders were issued 208,333 shares of Carver stock before the Oct. 15 redemption date, according to a company news release.

Carver Bancorp is a New York-based publicly traded African- and Caribbean-American run bank.

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