secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K/A
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001829576-25-000010
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000010/0001829576-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000010/care-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001829576-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer