Dream Chasers invites bidders for Carver Bancorp transaction

Dream Chasers Capital Group, the largest shareholder in Carver Bancorp (CARV) with a 9.7% stake and who received support from approximately 70% of Carver’s retail shareholders at last year’s annual meeting, expressed interest in working with other entities-family offices, hedge funds, private equity, Fintech, crypto-currency companies, or very high net worth individuals -to acquire a controlling interest, pursue a merger or complete a full takeover of Carver Bancorp. Dream Chasers believes Carver can be a profitable bank and produce significant returns for shareholders but new capital and a team with experience running a bank must be put in charge. The fund said, “DCCG will continue to push for a plan that can transform Carver and create shareholder value, including potentially working with the right Carver suitor. There simply has to be new outside ideas and talent at Carver.” Greg Lewis, CEO of Deam Chasers Capital Group, said, “Winning is everything. When you win people want to come around you, they cheer for you, they want to be a part of your success. There has not been much winning going on at Carver for a long time. We are going to try and change that with this offer to back a new plan that will bring new talent, serious capital, new ideas, services and new energy which we believe collectively will lead to a new atmosphere of winning in the eyes of new depositors and shareholders.”