Carter Bank and Trust
BANKING, SEE ALSO FINANCIAL SERVICES AND INSURANCE
Carter Bank & Trust (then known as Community Bank) opened its Louisburg location in 1997.
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.
From 1973 to 1998, Worth Harris Carter, Jr. organized and opened 10 new Virginia-based community banks: First National Bank of Rocky Mount in 1974; Patrick Henry National Bank, Bassett, in 1976; Peoples Bank of Danville in 1976; Blue Ridge Bank, Floyd, in 1978; South Boston Bank in October 1985; Central National Bank, Lynchburg, in 1996; Mountain National Bank, Galax, in 1996; Patriot Bank NA, Stafford, in 1996; Shenandoah National Bank, Staunton, in 1996; and First National Exchange Bank, Roanoke, in 1998.
These banks merged on December 29, 2006, to create Carter Bank & Trust, based in Martinsville.
Mr. Carter was chairman of the board and CEO of Carter Bank & Trust. His first bank opened on December 13, 1974, with one office, eight employees and $1.2 million in capital and total assets. At the time of his death, Carter Bank & Trust consisted of 123 offices in Virginia and North Carolina with approximately 975 employees.