Carter Bankshares, Inc. Common Stock

Carter Bankshares, Inc. is a holding company, which engages in the provision of retail and commercial financial products and services and insurance products. The company is headquartered in Martinsville, Virginia and currently employs 687 full-time employees. The company went IPO on 2007-02-28. The firm is the parent company of its wholly owned subsidiary, Carter Bank & Trust (the Bank). The company provides a full range of commercial banking, consumer banking, mortgage, and services. The Bank offers a full range of deposit services, including lifetime free checking, interest checking accounts, savings accounts, retirement accounts, and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. These products and services are available to its personal and business customers. The company also offers a full range of commercial and consumer loans. Commercial loans include both secured and unsecured loans, real estate construction and acquisition loans, and commercial and industrial loans. The company also provides safe deposit boxes, direct deposit of payroll and social security checks and debit cards. Online banking products include online account opening, bill pay, e-statements (paperless electronic statements).