CARV - Dream Chasers Capital meets with Carver Bancorp (NASDAQ: CARV) for talks | Benzinga
Fund reiterate its $3.25 offer-also propose the bank merge with a Minority Broker Dealer
NEW YORK, Jan. 25, 2024 /PRNewswire/ -- On January 24, 2024, Dream Chasers met with the Board of Directors of Nasdaq listed Carver Bancorp
The fund made the following ask at its meeting with the Board:
- That the bank and Dream Chases start the immediate drafting of a Share Purchase Agreement for the acquisition of 35% of the common shares of Carver Bancorp stock.
- Propose a merger between Carver Bancorp and an already identified Wall Street based minority owned broker dealer –a transaction it believes would instantly transform the bank from a 75-year-old depository institution into a more full-service financial service company offering minority communities more wealth building services brokerage account which would give the banks customers the ability to now buy and sell Stocks, Options, Efts , Bonds, and also raise money to finance business start-ups and expansions.
- Ending its reliance on sending its customers to get mortgages and payments services like Zelle offered by competitors like JP Morgan and Morgan Stanley and instead start originating more of those services inhouse thus keeping most of the potential revenues or profits for itself.
- Award several board seats to ...
CARV) for talks>Full story available on Benzinga.com