MARTINSVILLE, Va.--(BUSINESS WIRE)--
Carter Bank & Trust (OTC:CARE) and Bank Building Corporation
announced that on April 30, 2008 Bank Building merged with and into
Carter Bank. Carter Bank is the surviving corporation following the
merger.
About Carter Bank
Carter Bank & Trust is one of the largest independent state
chartered commercial banks headquartered in Virginia, operating 124
branches in Virginia and North Carolina.
About Bank Building
Bank Building Corporation is a company focused on acquiring and
developing property for lease as bank offices for Carter Bank.
Cautionary Notes Regarding Forward Looking Statements
Certain statements contained in this press release relating to
Carter Bank may constitute "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933. These
forward-looking statements are based on current expectations that
involve a number of risks and uncertainties. Actual results may differ
materially from the results expressed in these forward-looking
statements. A number of important factors could cause actual events to
differ materially from those indicated by such forward looking
statements. These factors include, but are not limited to, the timing
and completion of merger of Bank Building into Carter Bank, the
ability to complete the merger on the terms contemplated, the
anticipated impact of the merger on Carter Bank's operations and
financial results, and other "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, including those in Carter
Bank's Annual Report on Form 10-K for the year ended December 31, 2006
filed with the Federal Deposit Insurance Corporation and other filings
with the FDIC, which investors are urged to carefully review and
consider. These risks and uncertainties should be considered in
evaluating the forward-looking statements contained herein, and
readers are cautioned not to place undue reliance on such statements,
which speak only as of the date of this press release. Carter Bank
does not undertake any obligation to update or clarify these
forward-looking statements, whether as a result of new information,
future events or otherwise.
Source: Carter Bank & Trust
Contact: Carter Bank & Trust
Worth Harris Carter, Jr.
Chairman of the Board and President
276-656-1776