*Carver Federal Savings Bank, the financial institution currently holding the top spot on the BE BANKS list, is fighting for its future.

The nation’s largest black-owned bank must significantly boost capital reserves by month’s end or risk a potential shutdown, takeover or sale of the bank.

William Michael Cunningham, social investment adviser at Creative Investment Research Inc., a Washington D.C. firm specializing in minority banking, estimates that Carver Bancorp Inc., parent of the Harlem-based bank, must raise nearly $20 million in new capital by April 30, 2011, to meet orders by the Office of Thrift Supervision, the primary regulator of all federal and a number of state-chartered savings banks.

In response, Carver Bancorp spokesman Michael Herley says “we are working very hard to meet this requirement and are looking at a variety of options.”  The bank, however, did not offer details on its capital-raising plan.

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