Carter Bankshares, Inc.

Carter Bankshares, Inc. operates as a bank holding company through its subsidiary, Carter Bank & Trust, providing retail and commercial banking services across the United States. The company offers a comprehensive range of deposit products including checking, savings, money market, and retirement accounts, along with certificates of deposit. Its lending operations span commercial loans (secured, unsecured, and real estate construction), consumer loans (auto, home improvement, education, and personal), residential mortgages, and home equity lines of credit. The company also provides credit cards and ancillary services such as safe deposit boxes, direct deposit capabilities, and title insurance.

Digital banking capabilities form a core component of the company's service offerings, including online and mobile banking platforms, bill pay functionality, mobile deposit, Zelle integration, and ATM services through the MoneyPass network. The company additionally offers treasury and corporate cash management services to business clients, along with various other financial institution-related products. Carter Bankshares was incorporated in Virginia and established in 1974, with headquarters in Martinsville, Virginia. The company operates as a regional bank holding company, serving customers through its branch network and digital channels, with operations concentrated primarily in the United States market.