08:43 AM EDT, 05/27/2025 (MT Newswires) -- Carter Bankshares ( CARE ) said Tuesday it has completed the acquisition of two First Reliance Bank locations in Mooresville and Winston-Salem, North Carolina.

The bank holding company said it acquired $55.9 million of deposits at the two locations and also retained 10 associates from the bank branches.

Carter Bankshares ( CARE ) said the acquisition didn't include any loans.