Dream Chasers Presses for Oversight as Carver Bancorp Ends SEC Reporting
New York, Sunday, 8 March 2026.
Amid Carver’s exit from SEC reporting today, Dream Chasers nominates Moishe Gubin, a specialist who successfully drove OptimumBank’s assets from $100 million to $1.11 billion.
The Shift from Public Reporting
Today, March 8, 2026, marks the definitive deadline for Carver Bancorp, Inc. (OTC: CARV) to conclude its status as an SEC reporting company [1]. This transition follows a strategic decision by the Board of Directors on November 18, 2025, to voluntarily delist from Nasdaq and move operations to the OTCQB Market [1]. In light of this reduction in regulatory reporting requirements, Dream Chasers Capital Group (DCCG)—a significant shareholder—issued a governance update on March 7 to ensure a “clear public record” regarding board nominations and shareholder rights during this opaque transition period [1]. Greg Lewis, CEO of DCCG, emphasized that establishing this timeline serves as a critical service for stakeholders evaluating the institution’s transparency ahead of the next shareholder gathering [1].
Reinforcing the Board
To address these governance concerns, DCCG has formally re-nominated two candidates for the Board of Directors: Greg Lewis and Moishe Gubin [1]. While DCCG originally nominated Gubin on October 13, 2025, the firm renewed this push on February 20, 2026, to ensure both candidates are eligible for the 2026 election cycle [1]. These nominations are positioned as a direct response to the bank’s current trajectory, with Lewis describing Gubin as a “proven winner” capable of fixing broken financial mechanisms [2]. The nominations aim to inject external expertise into the board as the bank navigates its new status outside of the primary exchange environment [1][2].
A Blueprint for Financial Turnaround
The case for Moishe Gubin’s appointment rests heavily on his quantifiable success at OptimumBank Holdings, Inc., where he orchestrated a significant financial turnaround [2]. According to data released by DCCG, Gubin led OptimumBank from a regulatory consent order in 2009 to a position of strength, growing assets from approximately $100 million to $1.11 billion by the end of 2025 [2]. This expansion reflects a Compound Annual Growth Rate (CAGR) of 33.3% [2]. Furthermore, under his stewardship, the bank’s net income reached $16.65 million in 2025, representing a 600% increase since 2021 [2].
Emerging Stakeholders and Critical Timelines
Complicating the governance landscape is the recent emergence of Barry Mann as a major stakeholder. Mann recently filed a Schedule 13D, indicating his ownership in Carver Bancorp has exceeded the 10% threshold [1]. DCCG is currently reviewing the regulatory details and timing surrounding this significant accumulation of shares [1]. The entry of a new 10% filer adds another variable to the shareholder dynamics as the company operates with reduced public visibility [1].