NEW YORK Carver Bancorp said Monday that it is selling another branch in an effort to improve profitability.
The New York thrift company reported that its third-quarter net income rose 8.1% from a year earlier, to $280,000, but said it would have lost $299,000 if it had not sold a branch in Manhattan.
The $422 million-asset company turned a $149,000 profit in the first quarter largely because of the sale of its Roosevelt, Long Island, branch.
Carver would not reveal which branch it is selling, but said it has no plans to sell any others.
