Carter Bank Joins the Federal Reserve Bank of Richmond as a State Member Bank
Carter Bankshares, Inc. (CARE)
NASDAQ:AMEX Investor Relations:
carterbankandtrust.com
Company Research
Source: Business Wire
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bankshares, Inc. (the “Company”) (Nasdaq: CARE) today announced that Carter Bank, its wholly-owned banking subsidiary headquartered in Martinsville, Virginia, has received approval to become a state member bank and be regulated by the Board of Governors of the Federal Reserve System through the Federal Reserve Bank of Richmond. The Company is already regulated by the Federal Reserve Bank of Richmond. The Company and Carter Bank will also continue to be regulated by the Bureau of Financial Institutions of the Virginia State Corporation Commission."We're pleased with the Federal Reserve Bank's acceptance of our membership application, as this decision marks a significant step toward our future strategic objectives," Carter Bank CEO Litz Van Dyke said. "We believe transitioning to Federal Reserve membership will streamline our regulatory structure and enhance our operational efficiency. Additionally, the Company recently converted to a finan
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CARE
News
- Carter Bankshares (NASDAQ:CARE) was upgraded by analysts at Freedom Capital to a "strong-buy" rating.MarketBeat
- Carter Bank Earns Multiple Industry Awards Following 2024 RebrandBusiness Wire
- Carter Bankshares (NASDAQ:CARE) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Carter Bank Enters the South Carolina Market With Expansion Into GreenvilleBusiness Wire
- Carter Bankshares (NASDAQ:CARE) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
CARE
Earnings
- 10/23/25 - Miss
CARE
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- CARE's page on the SEC website