Carter Bankshares, Inc. (CARE)

14.27 -0.02 (-0.14%) At close: 04:00PM EDT

Carter Bankshares, Inc.

1300 Kings Mountain Road
Martinsville, VA 24112
United States
276 656 1776
https://www.cbtcares.com

Sector(s): Financial Services
Industry: Banks—Regional
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Litz H. Van Dyke	CEO & Director	904.66k	N/A	1964
Ms. Phyllis Q. Karavatakis	Vice Chairman	N/A	N/A	1956
Ms. Wendy S. Bell	Chief Financial Officer	563.6k	N/A	1964
Mr. Matthew M. Speare	Sr. Exec. VP & COO	489.83k	N/A	1968
Mr. Tony E. Kallsen	Sr. Exec. VP	454.37k	N/A	1968
Mr. John Richard Spiker II	Sr. Exec. VP	N/A	N/A	1967
Mr. A. Loran Adams	Exec. VP & Director of Regulatory Risk Management	N/A	N/A	1961
Joyce A. Parker	Sec.	N/A	N/A	N/A
Misty Powell	Assistant VP	N/A	N/A	N/A
Bill Hubble	VP and Managing Officer of Blacksburg Office	N/A	N/A	N/A

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction and acquisition loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. It operates through 69 branches in Virginia and North Carolina. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Corporate Governance

Carter Bankshares, Inc.’s ISS Governance QualityScore as of February 1, 2023 is 4. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.