Carver Bancorp swaps about $250,000 TruPS interest for 100,174 shares in deal with EJF Capital
CARV•Second exchange with EJF Capital
Carver Bancorp reached a second exchange with EJF Capital to cancel about $250,000 of TruPS interest obligations for 100,174 common shares.
Earlier TruPS interest cancellation
The deal follows an earlier cancellation of more than $1 million in TruPS interest, reducing debt overhang and improving capital flexibility.
