Carver Federal Savings Bank has approved a plan to form a holding company, subject to shareholder approval at the July 1996 annual meeting.

The plan is also subject to approval by the Office of Thrift Supervision.

Officials said in a press release that forming a new holding company would allow Carver, the nation's largest minority-owned thrift, to offer new "flexible" products, make acquisitions, and repurchase stock.

Carver has $363 million in assets, with eight branches in Brooklyn, Queens, Manhattan, and Nassau County.

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