Carver Bancorp Agrees With EJF Capital To Cancel ~$250K In Interest Obligations In Exchange For 100,174 CARV Shares
This Exchange Agreement follows the previously announced cancellation of more than $1 million in interest obligations by TruPS holder EJF.Lewis P. Jones III, Chairman of the Board of Directors of Carver, said, "We
Carver Bancorp agreed to give EJF Capital shares of its stock instead of paying back about $250,000 in interest they owed them. When a company trades stock instead of cash, it's usually because they need to save money right now.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.