Carter Bankshares, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Litz H. Van Dyke
- Full Time Employees
- 687
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1300 Kings Mountain Road Martinsville VA United States of America 24112
- IPO Date
- Mar 15, 2007
- CIK
- 0001829576
- Website
- carterbank.com
- Similar Companies
- Business
- Carter Bankshares, Inc. (NASDAQ: CARE) operates as the bank holding company for Carter Bank & Trust, a state-chartered community bank providing a full range of retail and commercial banking products and services; these include deposit products such as checking, savings, retirement, money market accounts and certificates of deposit, with its signature Lifetime Free Checking launched in 1974; consumer and commercial loans encompassing auto loans, mortgages, commercial real estate loans and business lending; and insurance services. The company serves individuals, small to mid-sized businesses and commercial customers primarily in Virginia and North Carolina, where it maintains 64 branches as of May 2025 and holds $4.8 billion in assets as of June 30, 2025. Founded in 1974 and headquartered in Martinsville, Virginia, Carter Bankshares focuses on commercial and consumer lending in the Southeastern United States. In December 2024, the company completed the acquisition of two branches from First Reliance Bank in North Carolina, adding $55.9 million in deposits and 10 new associates; it also announced a stock repurchase program and reported second quarter 2025 financial results reflecting ongoing expansion efforts.
Company News
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