Carter Bankshares, Inc. Announces Retirement of Robert W. Conner and Lanny A. Kyle, O.D from Board of Directors ,Effective May 24, 2023
March 13, 2023 at 09:56 am EDT
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Carter Bankshares, Inc. announced that on March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors that they will retire and not stand for re-election to the Board of Directors of the Company at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the Annual Meeting). Mr. Conner and Mr. Kyle will continue to serve as directors of the Company through the end of their current term, which ends at the Annual Meeting. The decision to not stand for re-election did not involve any disagreement between Mr. Conner or Mr. Kyle and Company management or the Board on any matter relating to the Company's operations, policies or practices.
Carter Bankshares, Inc. is a bank holding company. The Company is the parent company of its wholly owned subsidiary, Carter Bank & Trust (the Bank). It provides a full range of commercial banking, consumer banking, mortgage, and services. The Bank offers a full range of deposit services including lifetime free checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. These products and services are available to its personal and business customers. It also offers a full range of commercial and consumer loans. Commercial loans include both secured and unsecured loans, real estate construction and acquisition loans, and commercial and industrial loans. It also provides safe deposit boxes, direct deposit of payroll and social security checks and debit cards. Online banking products include online account opening, bill pay, e-statements (paperless electronic statements).
CARTER BANKSHARES, INC. 
