CARE

Carter Bankshares, Inc. is a bank holding company headquartered in Martinsville, Virginia, that operates through its wholly-owned subsidiary, Carter Bank & Trust. The company provides a full range of banking services to individuals, businesses, and municipalities primarily in Virginia and North Carolina. Carter Bank & Trust operates numerous branch locations across its market area, offering traditional banking products including checking and savings accounts, certificates of deposit, money market accounts, and various lending services. The company's lending portfolio encompasses residential mortgages, commercial real estate loans, construction financing, commercial and industrial loans, and consumer loans. Carter Bankshares emphasizes relationship banking and community involvement, positioning itself as a locally-focused financial institution that understands the needs of its markets. The bank provides digital banking capabilities including online and mobile banking platforms to complement its branch network and serve customers' evolving preferences. Carter Bankshares focuses on prudent risk management, maintaining strong capital ratios, and generating consistent returns for shareholders through disciplined lending practices and efficient operations. The company serves as a community banking institution committed to supporting local economic development.