(Reuters) - Carver Bancorp Inc
Goldman Sachs and Morgan Stanley invested $15 million each in Carver, while Citigoup and the Prudential Insurance Company invested $10 million each.
Credit card company American Express and First Republic Bank
Carver, which was founded in 1948 to serve the African-American community, also said the U.S. Treasury agreed to exchange the $19 million in preferred shares it received from the bank under the Troubled Asset Relief Program for about 34.8 million shares of common stock.
The Treasury does not hold any warrants to buy Carver stock.
Shares of the New York-based bank closed at $0.55 on Wednesday on Nasdaq.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Joyjeet Das)