---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-23-000058"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:58:10.566089+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-23-000058
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000058/0001829576-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000058/care-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-23-000058
- JSON: https://secwatch.observer/filing/0001829576-23-000058.json
- Plain text: https://secwatch.observer/filing/0001829576-23-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.