Shareholders of Carver Bancorp, the nation's largest minority-owned depository institution, have voted down a proposal to consider selling the thrift.

In a victory for management, only 28.41% of the shares voted favored selling the $424 million-asset thrift. Though that's 4 percentage points more support than a similar proposal won last year, it was insufficient to force management to hire an investment banker.

"At this point, I don't think the management of the bank has any intentions of selling out," said Joe Gladue, a banking analyst at Chapman & Co., Baltimore.

In the fiscal year ended March 31, Carver earned $1 million, up from a $1.7 million loss the previous year. But despite the turnaround, the company's stock price has fallen $3 a share since then, to about $12.

Carver's board, which includes former New York mayor David Dinkins, opposes any effort to sell.

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