Carter Bank & Trust Home of Lifetime Free Checking

Headquartered in Martinsville, Virginia, Carter Bank & Trust is a state-chartered community bank in Virginia with $4.1 billion in total assets as of September 30, 2020. We operate 92 branches in Virginia and North Carolina with more than 850 employees.

We offer a full-range of deposit accounts, including our signature product, “Lifetime Free Checking,” free online banking and mobile banking, online account opening, and competitive commercial, small business and personal loan products and services that are straight-forward and transparent.

We are known throughout our service regions as providing the most convenient hours of operation within our branches and Customer Contact Center for customers to access our products and services. We also have “Carter on the Go,” our free online and mobile banking.

Our mission statement:
At Carter Bank & Trust, we strive to be the preferred lifetime financial partner for our customers and shareholders, and the employer of choice in the communities we are privileged to serve.

Our Story

The second largest community bank in Virginia, we got our start in Rocky Mount, Va., 43 years ago to the day of December 13, 2017.

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.

At ceremonial ribbon cutting celebrating renovations of our branch in Rocky Mount, one of our original board members, Sid Mason of Rocky Mount, recalled telling Carter in 1974 that December 13 was on a Friday. “Worth, we can’t open a bank on Friday, the thirteenth,” he said.

Mr. Mason said that Mr. Carter responded, “Watch me.”

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Worth Carter