Carter Bank & Trust (the Bank) is a state-chartered community bank. The Bank conducts commercial banking business in Virginia and North Carolina. The Bank is focused on serving the banking needs of small-to-medium sized businesses, professional concerns and individuals. It offers business banking services, including business checking, business debit cards, and other banking services, including notary services, wire transfer services, night depository services and others. It offers personal banking services, including passbook savings, personal debit cards, telephone banking, money orders and others. The Bank offers a range of commercial and personal loans. The Bank offers a range of deposit services, including lifetime free checking, negotiable order of withdrawal (NOW) accounts, savings account and retirement accounts. As of December 31, 2015, the Bank operated approximately 123 branches in its Virginia/North Carolina market areas.