Carter Bankshares Inc. has announced the completion of its acquisition of two First Reliance Bank branches in North Carolina, marking the Bank's entry into the Winston-Salem market and expanding its operations near Charlotte. The acquisition included $55.9 million in deposits from branches in Mooresville and Winston-Salem, with the latter being Carter Bank's first location in the city. This expansion further solidifies Carter Bank's presence in the Triad region, complementing existing branches in Greensboro, Reidsville, Eden, and Mt. Airy. The Mooresville branch enhances the Bank's footprint in the Charlotte area, which already includes a downtown Charlotte location. The deal adds 10 new associates to Carter Bank's team, underscoring the Bank's commitment to fostering growth opportunities in North Carolina.
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