Carter Bankshares, Inc. filed a Form 8-K on August 17, 2026, disclosing that a lawsuit brought against the company and its subsidiary Carter Bank & Trust by James C. Justice, II and related parties has been voluntarily dismissed with prejudice.

Key Highlights

  • Dismissal with prejudice: The lawsuit filed against Carter Bankshares and Carter Bank & Trust was voluntarily dismissed with prejudice, according to the filing.
  • Plaintiffs identified: The Justice Parties include James C. Justice, II, his son James C. Justice, III, his daughter Jillean L. Justice, and various related entities they own or in which they hold an investment.
  • Original venue: The lawsuit had been filed in the Circuit Court of Greenbrier County, West Virginia.
  • Additional defendants: The filing notes the suit was brought against the company and the bank "along with certain other unaffiliated persons and entities."
  • Event date: The announcement was made on August 17, 2026, the same date as the filing.

Carter Bankshares and Carter Bank & Trust Resolve Justice Parties Litigation

According to the Form 8-K filed with the U.S. Securities and Exchange Commission under Item 8.01 (Other Events), Carter Bankshares, Inc. (NASDAQ:CARE) and its wholly-owned subsidiary, Carter Bank & Trust, disclosed on August 17, 2026, that litigation brought against them in West Virginia has concluded. The filing states that the lawsuit was filed in the Circuit Court of Greenbrier County, West Virginia.

The filing identifies the plaintiffs collectively as the "Justice Parties," comprising James C. Justice, II, his son James C. Justice, III, his daughter Jillean L. Justice, and various related entities that he and/or they own or in which they have an investment. The company disclosed that the dismissal was voluntary and made with prejudice. The filing does not provide additional detail regarding the underlying claims, the terms of any resolution, or whether any settlement was reached.

The 8-K was signed by Wendy S. Bell, Chief Financial Officer of Carter Bankshares, Inc., on August 17, 2026. Carter Bankshares is a Virginia-incorporated company headquartered at 1300 Kings Mountain Road, Martinsville, Virginia 24112, with common stock listed on the NASDAQ Global Select Market under the symbol CARE.

What Was Disclosed

Carter Bankshares disclosed via an 8-K that a lawsuit filed against it and Carter Bank & Trust by James C. Justice, II and related parties in Greenbrier County, West Virginia, has been voluntarily dismissed with prejudice as of August 17, 2026.