Corporate ActionAug 11, 2026, 04:43 PM
Carter Bankshares Establishes Dividend Reinvestment Plan
AI Summary
Carter Bankshares, Inc. has established a Dividend Reinvestment and Stock Purchase Plan, offering up to 1,000,000 shares of common stock to its existing shareholders. The Plan allows participants to acquire additional shares by reinvesting dividends and making optional cash purchases. Administered by Computershare Trust Company, N.A., the Plan's dividend reinvestment feature will commence after August 24, 2026, following the effective date of the related Form S-3D registration statement.
Key Highlights
- Carter Bankshares established a Dividend Reinvestment and Stock Purchase Plan.
- The Plan offers up to 1,000,000 shares of common stock to existing shareholders.
- Participants can purchase additional shares through dividend reinvestment and cash purchases.
- The Plan is administered by Computershare Trust Company, N.A.
- Dividend reinvestments will begin after the first dividend declared and paid after August 24, 2026.
- A registration statement on Form S-3D for the shares became effective on August 11, 2026.
Price Impact
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