Carter Bankshares expands NC branch deal to acquire both Mooresville and Winston-Salem facilities

Carter Bankshares, Inc.

Amendment adds acquisition of First Reliance Bank's Mooresville, NC branch facility to original agreement.
Deal now includes deposit liabilities, cash, personal property, and fixed assets for both branches.
Transaction expected to close in first half of 2025, subject to regulatory approvals.
Original agreement filed Dec 10, 2024; Amendment executed Feb 3, 2025.

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