Key Developments For Carver Bancorp, Inc.
Carver Bancorp, Inc. (CARV.O) (Consolidated Issue listed on NASDAQ Global Market)
Carver Bancorp, Inc. Announces Appointment Of Chris A. McFadden As Chief Financial Officer
Carver Bancorp, Inc. announced the appointment of Chris A. McFadden as Executive Vice President and Chief Financial Officer. Ms. McFadden will join the Carver team on September 14, 2009.
Carver Bancorp, Inc. Declares Dividend
Carver Bancorp, Inc. announced that it has declared dividend of $0.10 per share. The dividend will be payable on September 14, 2009, to stockholders of record at the close of business on September 1, 2009.
Carver Bancorp, Inc. Declares Dividend
Carver Bancorp, Inc. announced that on May 27, 2009, the Company's Board of Directors declared a cash dividend on its common stock of $0.10 per share for the fourth quarter. The dividend will be payable on June 13, 2009, to stockholders of record at the close of business on May 27, 2009.
Carver Bancorp, Inc. Announces Cost Cutting Initiatives
Carver Bancorp, Inc. announced several cost cutting initiatives which are estimated to deliver annual cost savings of over $5 million. The Landqart mill has implemented a 10% wage reduction across the board, including management, beginning June 2009. At the Landqart mill, production on PM#1 (the specialty paper and low/medium security paper machine) has been reduced from 4 shifts to 3. In addition the Company has taken steps to cut personnel and overhead costs. These measures are expected to translate into annual savings of $2.7 million. Production on PM#2, the bank note paper machine, will continue at 100% capacity as the orderbook remains full and demand continues to be strong.
Carver Bancorp, Inc. Declares Dividend
Carver Bancorp, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.10 per share for the third quarter of fiscal 2009. The dividend will be paid on March 13, 2009 to stockholders of record at the close of business on February 27, 2009.
