CARE
- Carter Bankshares, Inc.
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Overview
Company Summary
Carter Bankshares, Inc., commonly known as CARE, is a financial holding company headquartered in United States. The company operates through its wholly-owned subsidiary, Carter Bank & Trust, which is a state-chartered community bank.
Carter Bank & Trust provides a range of banking services to individuals, businesses, and organizations in the communities it serves. These services include personal and business checking accounts, savings accounts, certificates of deposit, loans, mortgages, credit cards, and wealth management solutions.
For individuals, Carter Bank & Trust offers various personal banking services to meet their financial needs. This includes basic checking and savings accounts to manage everyday expenses and savings goals, as well as loans and mortgages for purchasing homes, financing education, or making other significant investments.
Additionally, the bank caters to the needs of small and medium-sized businesses by providing financial products and services tailored to their requirements. These offerings may include business checking and savings accounts, merchant services, cash management solutions, and customized business loans to support growth and expansion.
Carter Bank & Trust also focuses on community development, actively participating in the economic development of the regions it serves by funding local businesses and supporting community initiatives. The bank aims to foster long-term relationships with its customers and prides itself on providing personalized service and local decision-making.
As a holding company, Carter Bankshares, Inc. oversees the operations and strategic direction of Carter Bank & Trust. It manages the financial performance of the subsidiary, sets policies and guidelines, and ensures compliance with regulatory requirements.
The primary objective of Carter Bankshares, Inc. is to sustain profitable growth by efficiently serving its customers, managing risks, and optimizing shareholder value.