Carter Bankshares authorizes $10M share repurchase program

Carter Bankshares, Inc.

Board authorized repurchase of up to $10M in common stock over 12 months.
Program subject to non-objection from Federal Reserve Bank of Richmond.
Repurchases may occur in open market or private transactions, including 10b5-1 plans.
Company not obligated to repurchase any specific number of shares; program may be modified or terminated.

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