The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Carver in N.Y. sets up potential $20M in stock sales

Carver Bancorp in New York has lined up an agreement to sell $20 million of common stock over time.


The $707 million-asset company disclosed in a regulatory filing Tuesday that it retained Piper Sandler to handle potential stock sales. 

Sandler will be paid a 3% commission tied to the aggregate purchase price of each sale. Carver said it is not obligated to sell any stock.

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