---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000074"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:32:05.369415+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Carter Bank gains Fed approval to become state member bank, regulated by Richmond Fed

## Summary
- Carter Bank received approval from the Board of Governors of the Federal Reserve System to become a state member bank.
- The bank will be regulated by the Federal Reserve Bank of Richmond; company already regulated by Richmond Fed.
- CEO Litz Van Dyke says membership will streamline regulatory structure and enhance operational efficiency.
- Company recently converted to a financial holding company, providing greater flexibility to innovate and grow.
- Carter Bank will continue to be regulated by the Virginia State Corporation Commission.

## SEC filing metadata
- accession: 0001829576-25-000074
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000074/0001829576-25-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000074/care-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000074
- JSON: https://secwatch.observer/filing/0001829576-25-000074.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000074.txt

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