Carter Bankshares denies allegations in lawsuit filed by WV Governor Justice, says it is fully secured

Carter Bankshares, Inc.

Lawsuit filed Nov 10, 2023 by WV Governor Jim Justice and related entities (Justice Parties) against Carter Bank & Trust in S.D. West Virginia.
Carter Bank states it is fully secured on all loans, with collateral including The Greenbrier Resort and personal guarantees from Justice family.
Justice Parties executed release and reaffirmation agreements as recently as February 2023, which the bank intends to enforce.
Bank denies allegations as false and misleading and vows to vigorously defend the lawsuit and pursue collection actions.
Carter Bank also evaluating potential claims by other creditors of Justice Parties related to historical transactions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.