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Carter Bankshares sells Bearing Insurance Group stake to unaffiliated third party

PUBT·05/01/2026 13:24:09
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Carter Bankshares sells Bearing Insurance Group stake to unaffiliated third party
  • Carter Bankshares completed sale of its membership interest in Bearing Insurance Group to an unaffiliated third party, effective May 1, 2026.
  • Transaction expected to generate pre-tax gain of about $35.8 million.
  • Gain slated to be recognized in second-quarter 2026 financial results.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829576-26-000040), on May 01, 2026, and is solely responsible for the information contained therein.