Preliminary results indicate approximately 70% of retail vote for new voices on Board of Directors, not including votes cast by members of the Dream Chasers Group

Calls on Donald Felix and Carver Board of Directors to do right by shareholders

Demands answers to why Board of Directors vote was extended by 45 minutes

Demands disclosure of any high-pressure sales calls to certain large shareholders, including any offers, promises or assurances made to shareholders to sway vote at last minute

Calls on Board to hear shareholders, appoint Jeffrey "Jeff" Anderson and Jeffrey Bailey to the Board

NEW YORK, Dec. 13, 2024 /PRNewswire/ -- Following a concerning set of unconventional practices at the Carver Bancorp, Inc. ("Carver," or the "Company") (NASDAQ:CARV) Annual Meeting of Shareholders (the "Meeting") on December 12, 2024, Dream Chasers Capital Group LLC ("Dream Chasers") urged Carver Chief Executive Officer Donald Felix and the Board of Directors (the "Board") to provide clarity, certainty and transparency to shareholders. Preliminary results indicate that approximately 70% of retail shareholders supported Jeffrey "Jeff" Anderson and/or Jeffrey Bailey for election to the Board.