Leadership & Pay ·
Carter Bankshares, Inc. entered into amended and restated employment and change of control severance agreements with…
CARECarter Bankshares, Inc.
Carter Bankshares, Inc. entered into amended and restated employment and change of control severance agreements with several key officers, including CEO Litz H. Van Dyke, President Bradford N. Langs, CFO Wendy S. Bell, COO Matthew M. Speare, and Chief Credit Officer Tony E. Kallsen. The updates include base salary floors, expanded clawback provisions, and adjustments to termination and severance provisions to comply with new Virginia law effective July 1, 2026. Carter Bankshares, Inc. is a financial services company providing banking and trust services.