Carver Bancorp Inc., as directed by the Office of the Comptroller of the Currency $(OCC)$, will embark on a strategic planning initiative aimed at improving its financial performance and strengthening its market position. The bank is required to enhance risk management and earnings performance, develop a new product line, and devise an effective internet strategy to attract customers and generate revenue. Additionally, Carver is tasked with identifying niche markets and refining executive compensation practices. The Board must enhance oversight and compliance procedures, implement systems to monitor the bank's health, and submit quarterly progress reports to the OCC. A comprehensive three-year strategic plan detailing these objectives must be submitted by September 25, 2025.