Carter Bankshares wins court ruling allowing collection of $302M from Justice entities

Carter Bankshares, Inc.

Circuit Court denied Justice Entities' motions to set aside confessions of judgment in 21 civil cases.
Total principal debt owed is approximately $301.9 million, plus interest, charges, fees, and costs.
Carter Bank expects court orders finalizing confessions of judgment and will pursue aggressive collection.
All claims are backed by personal guarantees from Governor Justice and his wife; many also from James C. Justice III.
This proceeding is separate from a federal lawsuit filed by Justice Entities in November 2023.

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.