M&A - Carter Bankshares, Inc.

Form Type: 8-K/A

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: Update

Accession Number: 000182957625000010

Filing Summary: On February 3, 2025, Carter Bankshares, Inc. announced an update regarding its acquisition of two North Carolina branches from First Reliance Bank. Originally reported in a Current Report on Form 8-K filed on December 10, 2024, the transaction involved Carter Bank, a wholly owned subsidiary of Carter Bankshares, agreeing to acquire deposits and facilities related to First Reliance Bank's branches in Mooresville and Winston-Salem, North Carolina. The amendment to the Purchase and Assumption Agreement clarifies provisions and ensures the Mooresville branch remains operational post-transaction. The deal is anticipated to close in the first half of 2025, pending regulatory approvals.

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