Carter Bank & Trust - Home Mortgage

Carter Bank & Trust

81 Franklin Street
Weyers Cave, VA 24486
Phone: (540) 234-9588

Carter Bank & Trust was formed on December 29, 2006 by the merger of 10 banks with 124 offices in Virginia and North Carolina. At the time, this merger created the largest independent state-chartered commercial bank with headquarters in the Commonwealth of Virginia. Banks merged to form Carter Bank & Trust were Blue Ridge Bank, N.A., Floyd; Central National Bank, Lynchburg; Community National Bank, South Boston; First National Bank, Rocky Mount; First National Exchange Bank, Roanoke; Mountain National Bank, Galax; Patrick Henry National Bank, Bassett; Patriot Bank, N.A., Stafford; Peoples National Bank, Danville; and Shenandoah National Bank, Staunton.

A plan submitted to Regulators in 1973 stated that the banking philosophy for FNBRM and other proposed banks would place emphasis on consumer services with lower interest rates on loans and lower service charges than were being charged in the area at that time. The plan also stated that higher rates on deposit products would be offered.

Carter Bank & Trust also owns a full-service Insurance agency based in Danville, VA. Bankers Insurance/Carter Bank & Trust has branch locations in Lynchburg and Roanoke.

In the face of unprecedented growth, Carter Bank & Trust has and will remain true to the operating philosophy expressed in 1973. Services offered since the beginning include LIFETIME FREE CHECKING, 7 a.m. to 7 p.m. drive-in service Monday through Saturday, daily compounding of interest on all Certificates of Deposit and savings accounts, the availability of Passbook Savings accounts and Christmas Clubs, competitive loan and deposit rates and no minimum loan amounts, and a limited number of service charges with those which are levied being well below those of the competition.

Looking to the future, Carter Bank & Trust will search for ways to make life easier for its customers by providing new products such as Debit Cards, Equity Lines, and Internet Banking, and increasing access by opening additional offices in new markets.