Carter Bankshares, INC 8-K filings

Carter Bankshares has settled a lawsuit with GLAS Trust, resolving all pending litigation related to its lending relationship with James C. Justice, II and his entities.

Carter Bankshares, Inc. announced strong deposit growth and an improved liquidity position in the second quarter of 2024, alongside strategic investments in growth markets.

Carter Bankshares, Inc. announced a net income of $4.8 million for the second quarter of 2024, impacted by a large nonperforming loan, but showing positive trends in loan growth and deposit increases.

Carter Bankshares has successfully resolved lawsuits with West Virginia Governor Jim Justice and related entities, leading to a reduction in non-performing loan balances and enhanced collateral positions.

Carter Bankshares held its 2024 Annual Meeting of Shareholders, electing twelve directors, approving executive compensation, and ratifying the appointment of Crowe LLP as independent auditors.

Carter Bankshares, Inc. announced positive first quarter results for 2024, highlighted by strong deposit growth, improved liquidity, and a return to positive profitability metrics.

Carter Bankshares, Inc. announced a net income of $5.8 million for the first quarter of 2024, significantly impacted by a large non-performing loan.

Carter Bankshares is facing a lawsuit from GLAS Trust Company seeking to recover $226 million related to past financing transactions involving Bluestone Resources and Greensill.

Carter Bankshares experienced a challenging year with a net loss in the fourth quarter, despite growth in loans and deposits, as the company continues its strategic transformation.

Carter Bankshares subsidiary, Carter Bank & Trust, secured a favorable court ruling in its pursuit of approximately $301.9 million in debt from Governor Justice and related entities.

Carter Bankshares, Inc. announced a net loss of $1.9 million for the fourth quarter of 2023, primarily due to the impact of a large nonperforming loan.