Carver BancorpInc. received a letter from the Nasdaq Stock Market on July 15stating that it is not in compliance with a Nasdaq listing rule requiringlisted companies to timely file all required periodic financial reports withthe SEC.

Carver previously disclosed that it was unable to file its annual reporton Form 10-K for the period ended March 31 on time because it will restate itsconsolidated financial statements for the fiscal year ended March 31, 2015, andeach of the quarters of 2015 and 2016.

The New York-based company has until Sept. 15 to submit aplan to regain compliance with Nasdaq Stock Market's rules.