MARTINSVILLE, VA / ACCESSWIRE / July 23, 2020 / Carter Bank & Trust (the "Bank") (NASDAQ:CARE) is pleased to announce its intent to form a bank holding company, subject to regulatory approval. If approved, the Bank would become a subsidiary of the newly-formed bank holding company. Current shareholders of the Bank would become shareholders of the newly-formed bank holding company and current shareholders will have the same rights and ownership percentage in the new holding company as they currently have in the Bank."
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