Industries Banking/Finance

Carter Bank & Trust stock to trade on Nasdaq

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Martinsville-based Carter Bank & Trust said Monday that its common stock will begin trading on the Nasdaq Global Select Market next week.

The stock will begin trading on Nasdaq under the bank’s current symbol, “CARE,” on Monday, March 25.

“The transition to the Nasdaq Global Select Market should provide us with increased liquidity and greater exposure to investor markets. We are committed to continuing to manage balance sheet growth and improve our overall shareholder value,” Litz H. Van Dyke, the bank’s CEO, said in a statement.

The move to Nasdaq signifies “a significant step to advance our strategic priority to grow our franchise value,” he said.

The bank’s common stock is now traded on the OTCQX Best Market.

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