NEW YORK - Carver Federal Savings Bank, the nation's largest minority-owned institution, has joined two Florida thrifts in suing the New York State Banking Department to prevent collateral for a loan to the thrift from being used to pay off creditors of a failed check processing company.

Carver accuses the department and Superintendent of Banking Neil D. Levin of seizing almost $2 million in collateral provided to Nationar to secure a loan to Carver's Employee Stock Option Plan.

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