---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000044"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:20:21.724335+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Carter Bank completes $55.9M deposit purchase of two First Reliance Bank branches in NC

## Summary
- Acquired $55.9M in deposits from branches in Mooresville and Winston-Salem, NC; no loans acquired.
- Entered Winston-Salem market for the first time; second Mooresville location expands Charlotte-area presence.
- 10 new associates joined Carter Bank; branches opened May 27 after weekend conversion.
- Paid 4.6% deposit premium on average closing balance of transaction and savings accounts.
- CEO Litz Van Dyke cited expansion opportunity and smooth transition for customers and team.

## SEC filing metadata
- accession: 0001829576-25-000044
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000044/0001829576-25-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000044/care-20250527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000044
- JSON: https://secwatch.observer/filing/0001829576-25-000044.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000044.txt

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