Carter Bankshares, Inc. is a financial holding company headquartered in Martinsville, Virginia. Through its primary subsidiary, Carter Bank & Trust, the company provides a comprehensive suite of banking and financial services to individuals, businesses and institutions. Established in its original charter in the late 19th century, Carter Bank & Trust has grown from a single community bank to a regional institution focused on delivering personalized service across multiple markets.
The company’s core activities include commercial and consumer banking, offering products such as checking and savings accounts, money market instruments, certificates of deposit, and cash management solutions. Carter Bankshares also extends a range of lending services, from business and commercial real estate loans to residential mortgages and consumer financing. Its loan portfolio is diversified to support small and mid-sized enterprises, as well as individual borrowers seeking personal and home equity credit.
In addition to traditional banking, Carter Bankshares offers trust and wealth management services aimed at high-net-worth clients, including estate planning, fiduciary administration and investment advisory. The company’s mortgage banking division provides origination, servicing and secondary market execution, while its insurance arm distributes life, health and property-casualty policies through a network of licensed agents. These complementary businesses enhance the company’s ability to serve clients across multiple financial needs.
With a footprint spanning southwestern Virginia, southern West Virginia, eastern Tennessee and North Carolina, Carter Bankshares operates more than 40 branches and ATMs in its core markets. Steven E. Wiley serves as President and Chief Executive Officer, leading a management team committed to community banking values, local decision-making and sustainable growth. The company’s long history in its regional communities underscores its focus on building relationships and supporting economic development across its service areas.
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