secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001829576-25-000044
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000044/0001829576-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000044/care-20250527.htm
  HTML page:      https://secwatch.observer/filing/0001829576-25-000044

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