Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, has announced that the OCC has lifted a cease and desist order issued by the Office of Thrift Supervision. The OCC also no longer holds the bank in “troubled condition." “We are extremely pleased with the OCC’s decision to lift the cease and desist order," said Deborah C. Wright, Carver’s Chairman and CEO. "This action reflects the effectiveness of our board and management team’s extensive effort to restore the bank to financial health... Since our $55 million capital raise in 2011, our management team has worked tirelessly to reduce problem assets and enhance bank operations. As a result, our credit ratios are now approaching industry norms.”