Carter Bankshares, Inc. - Common Stock (CARE)
Frequently Asked Questions About Carter Bankshares, Inc. - Common Stock (CARE)
Can individuals open accounts with Carter Bank & Trust online?
Yes, individuals can open various types of accounts with Carter Bank & Trust online. The bank offers an easy-to-navigate online account opening process, allowing customers to select from a range of checking and savings accounts. This digital convenience aligns with the bank's goal of providing accessible banking services to its clientele.
How does Carter Bankshares, Inc. engage with its customers?
Carter Bankshares, Inc. engages with its customers through a combination of excellent customer service, feedback mechanisms, and community outreach programs. The bank encourages open communication by offering multiple channels for customer inquiries and concerns, ensuring that customer needs are prioritized and addressed promptly.
How does Carter Bankshares, Inc. foster employee development?
Carter Bankshares, Inc. is committed to fostering employee development through ongoing training programs, professional development opportunities, and a supportive work environment. The bank recognizes that investing in its employees contributes to overall performance and customer satisfaction, thus prioritizing employee growth and career advancement.
How does Carter Bankshares, Inc. support community initiatives?
Carter Bankshares, Inc. is deeply committed to community engagement and often participates in local initiatives and charitable events. The bank supports various programs related to education, health, housing, and economic development, reflecting its mission to have a positive impact on the areas it serves and fostering community growth.
How has Carter Bankshares, Inc. performed financially?
Carter Bankshares, Inc. has shown a solid financial performance over the years, steadily growing its assets, deposits, and loan portfolio. The company has aimed to maintain profitability while managing risks effectively, adapting to changes in the economic landscape, and ensuring sustainable growth that benefits its stakeholders.
Is Carter Bankshares, Inc. involved in sustainable initiatives?
Yes, Carter Bankshares, Inc. is involved in various sustainable initiatives, reflecting its commitment to corporate social responsibility. The bank supports environmental stewardship, promotes energy-efficient practices within its operations, and engages in community programs that advocate for sustainability and environmental awareness.
What are Carter Bankshares, Inc.'s growth strategies?
Carter Bankshares, Inc.'s growth strategies include expanding its branch network, enhancing its product offerings, and utilizing digital platforms to attract new customers. The bank also focuses on organic growth through customer retention, community involvement, and building relationships with local businesses for financial partnerships.
What are the regulatory requirements for Carter Bankshares, Inc.?
As a publicly traded financial institution, Carter Bankshares, Inc. is subject to various regulatory requirements imposed by federal and state banking authorities. This includes compliance with the Dodd-Frank Act, the Bank Holding Company Act, and ongoing reporting obligations to the Securities and Exchange Commission (SEC) to ensure transparency and accountability.
What community events does Carter Bankshares, Inc. participate in?
Carter Bankshares, Inc. actively participates in numerous community events such as local festivals, charity runs, educational seminars, and financial literacy workshops. Through these events, the bank not only contributes to community engagement but also promotes financial education and awareness among local residents.
What distinguishes Carter Bankshares, Inc. from other banks?
Carter Bankshares, Inc. distinguishes itself through its strong emphasis on personal relationships and customer service. The bank focuses on understanding the unique financial needs of its customers, which enables them to provide personalized solutions. Additionally, their commitment to local communities sets them apart from larger banking institutions.
What does Carter Bankshares, Inc. do?
Carter Bankshares, Inc. is the holding company for Carter Bank & Trust, which provides a full range of banking services to individual and commercial customers. The bank offers checking and savings accounts, loans, mortgages, credit cards, and other financial services. The company primarily operates in Virginia and parts of North Carolina, focusing on building strong relationships with its customers and communities.
What is Carter Bankshares, Inc.'s approach to risk management?
Carter Bankshares, Inc. takes a proactive approach to risk management by implementing comprehensive policies and practices to identify, assess, and mitigate potential risks. This includes regular monitoring of credit risks, market conditions, and regulatory compliance, with a focus on maintaining the bank's financial health and protecting customer assets.
What is the mission statement of Carter Bankshares, Inc.?
The mission of Carter Bankshares, Inc. revolves around providing exceptional banking services while fostering strong relationships with customers and the communities it operates in. The company aims to enhance customer satisfaction, promote community development, and maintain a commitment to integrity and trust in its financial dealings.
What is the vision of Carter Bankshares, Inc.?
The vision of Carter Bankshares, Inc. is to be the most trusted financial partner in the communities it serves. The bank aims to achieve this by delivering exceptional banking services, fostering lasting relationships with customers, and being recognized for its commitment to community growth and economic development.
What kind of technology does Carter Bankshares, Inc. use?
Carter Bankshares, Inc. utilizes modern banking technology to enhance customer experience and operational efficiency. This includes online banking platforms, mobile banking applications, and advanced security features to protect customer data. The bank invests in technology to streamline processes and provide customers with convenient access to their accounts.
What services does Carter Bank & Trust offer?
Carter Bank & Trust provides a comprehensive suite of banking services that includes personal and business checking and savings accounts, consumer and commercial loans, mortgage financing, credit cards, and wealth management services. The bank tailors its offerings to meet the diverse financial needs of its clientele, emphasizing customer service and community involvement.
When did Carter Bankshares, Inc. go public?
Carter Bankshares, Inc. became publicly traded on Nasdaq under the ticker symbol CARE on March 3, 2019. The initial public offering was aimed at raising capital to support the bank's growth and expansion initiatives, as well as to enhance its visibility and presence in the financial services market.
Where is Carter Bankshares, Inc. headquartered?
Carter Bankshares, Inc. is headquartered in Martinsville, Virginia. This strategic location allows the company to serve its primary markets effectively, which include various communities and regions in Virginia and North Carolina, helping to foster economic growth in these areas.
Who are the competitors of Carter Bankshares, Inc.?
Carter Bankshares, Inc. faces competition from various regional and national banks, credit unions, and alternative financial service providers operating in Virginia and North Carolina. Some of its key competitors include larger banks like BB&T (now Truist), Wells Fargo, and local community banks that compete for similar markets.
What is the current price of Carter Bankshares, Inc. - Common Stock?
The current price of Carter Bankshares, Inc. - Common Stock is 14.59
When was Carter Bankshares, Inc. - Common Stock last traded?
The last trade of Carter Bankshares, Inc. - Common Stock was at 4:00 pm EDT on April 4th, 2025