---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-24-000043"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:51:49.434122+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Justice lawsuits dismissed with prejudice; Justice Entities release all claims; NPL reduced to ~$294M

## Summary
- Federal lawsuit voluntarily dismissed with prejudice; WV lawsuit expected to be dismissed similarly.
- Justice Entities executed a release waiving all potential causes of action against Carter Bank.
- Justice Entities agreed to a pathway of curtailment and payoff; NPL balance fell from $301.9M (Q1 2024) to $294.1M as of June 20, 2024.
- Collateral position enhanced via cross-collateralizations, cross-guarantees, and reaffirmation of loan documents.

## SEC filing metadata
- accession: 0001829576-24-000043
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000043/0001829576-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000043/care-20240626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-24-000043
- JSON: https://secwatch.observer/filing/0001829576-24-000043.json
- Plain text: https://secwatch.observer/filing/0001829576-24-000043.txt

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