Carter Bank & Trust

Headquartered in Martinsville, Virginia, Carter Bank & Trust is a state-chartered community bank in Virginia with $4.1 billion in assets as of December 31, 2017. We operate more than 100 branches in Virginia and North Carolina with 1,000 employees.

We offer a full-range of deposit accounts, including our signature product, “Lifetime Free Checking.” All deposit accounts are insured by the FDIC up to the maximum amount allowed by law, which currently is $250,000. We also provide competitive business and personal loan products and services that are straight-forward and transparent.

Our mission statement:
At Carter Bank & Trust, we strive to be the preferred lifetime financial partner for our customers and shareholders, and the employer of choice in the communities we are privileged to serve.

Our Story

The second largest community bank in Virginia, we got our start in Rocky Mount, Va., 43 years ago to the day of December 13, 2017.

On December 13, 1974, our first branch with eight employees officially opened on the corner of Franklin and College streets in Rocky Mount. In 1974, this branch was called, First National Bank of Rocky Mount; and it wasn’t until December 2006 when 10 banks consisting of 123 branches in Virginia and North Carolina merged to form what it is now called, Carter Bank & Trust, after our founder, Worth Harris Carter, Jr.

Mr. Carter passed away on April 7, 2017, at the age of 79. He was our chairman upon his passing.

At ceremonial ribbon cutting celebrating renovations of our branch in Rocky Mount, one of our original board members, Sid Mason of Rocky Mount, recalled telling Carter in 1974 that December 13 was on a Friday. “Worth, we can’t open a bank on Friday, the thirteenth,” he said.

Mr. Mason said that Mr. Carter responded, “Watch me.”

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