secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001829576-24-000073
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957624000073/0001829576-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957624000073/care-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001829576-24-000073

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