Carver Bancorp is the holding company for Carver Federal Savings Bank, a federally chartered savings bank. The Company conducts business as unitary saving and loan holding company, and the business of the Company consists of the operation of its subsidiary, Carver Federal. Carver Federal serves African-American communities whose residents, businesses and institutions had limited access to mainstream financial services. Carver engages in a range of consumer and commercial banking services. It provides deposit products, such as demand, savings and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its market area within New York City. The Bank offers other consumer and commercial banking products and services, such as debit cards, online banking, online bill pay and telephone banking.