---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-24-000073"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:15:36.016864+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares to acquire two NC branches from First Reliance, assuming $56M deposits

## Summary
- Carter Bank will assume ~$56M in deposits from branches in Mooresville and Winston-Salem.
- Pays 4.6% deposit premium; acquires no loans.
- Acquires Winston-Salem branch facility; Mooresville deposits will be merged into existing Carter branch.
- Transaction expected to close in first half of 2025, subject to regulatory approval.
- Carter will operate 66 branches in VA and NC post-closing.

## SEC filing metadata
- accession: 0001829576-24-000073
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000073/0001829576-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000073/care-20241210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-24-000073
- JSON: https://secwatch.observer/filing/0001829576-24-000073.json
- Plain text: https://secwatch.observer/filing/0001829576-24-000073.txt

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