<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND THE STATEMENT OF EARNINGS OF CARVER BANCORP, INC. FOR THE PERIOD AT
AND ENDING MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                      11,120,748
<INT-BEARING-DEPOSITS>                         266,390
<FED-FUNDS-SOLD>                            10,200,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 29,918,137
<INVESTMENTS-CARRYING>                      66,584,447
<INVESTMENTS-MARKET>                        65,693,568
<LOANS>                                    270,521,851
<ALLOWANCE>                                  4,020,099
<TOTAL-ASSETS>                             416,482,844
<DEPOSITS>                                 276,999,074
<SHORT-TERM>                               101,045,466
<LIABILITIES-OTHER>                          6,154,714
<LONG-TERM>                                    992,619
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        23,144
<OTHER-SE>                                  31,267,826
<TOTAL-LIABILITIES-AND-EQUITY>             416,482,844
<INTEREST-LOAN>                             20,576,506
<INTEREST-INVEST>                            5,430,638
<INTEREST-OTHER>                             1,800,738
<INTEREST-TOTAL>                            28,473,426
<INTEREST-DEPOSIT>                           8,421,226
<INTEREST-EXPENSE>                          14,814,683
<INTEREST-INCOME-NET>                       13,658,743
<LOAN-LOSSES>                                4,231,000
<SECURITIES-GAINS>                               3,948
<EXPENSE-OTHER>                             17,963,020
<INCOME-PRETAX>                            (5,952,117)
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (4,452,750)
<EPS-BASIC>                                     (2.02)
<EPS-DILUTED>                                   (2.02)
<YIELD-ACTUAL>                                    7.11
<LOANS-NON>                                  2,417,000
<LOANS-PAST>                                 3,920,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             2,085,000
<CHARGE-OFFS>                                3,431,000
<RECOVERIES>                                    82,000
<ALLOWANCE-CLOSE>                            4,020,000
<ALLOWANCE-DOMESTIC>                         4,020,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0