Carter Bank & Trust Receives Notice of Non-Compliance from Nasdaq Related to Previously Announced Delayed Filing of Annual Report on Form 10-K

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May 19, 2020
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MARTINSVILLE, VA / ACCESSWIRE / May 18, 2020 / Carter Bank & Trust (the "Bank") (NASDAQ:CARE) today announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Bank has not yet filed its Annual Report on Form 10-K for the period ended December 31, 2019 (the "Annual Report"), the Bank is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission or, in the Bank's case, the Federal Deposit Insurance Corporation ("FDIC").