Carter Bank & Trust announced that, at a meeting of the Board of Directors, Litz H. Van Dyke was elected as a member of the Board of Directors and was appointed as the Chief Executive Officer of the Bank. During the same meeting, the Board also elected James W. Haskins, previously the Vice Chairman of the Board, to Chairman of the Board and Phyllis Q. Karavatakis to Vice Chairman of the Board. Karavatakis also serves as President and Chief Administrative Officer of the Bank.

Mr. Van Dyke joined the Bank in 2016 as Executive Vice President. Prior to that time, he served as the President, Chief Executive Officer, and Chief Lending Officer of several Virginia-based financial institutions. Mr. Haskins is an attorney and principal in the law firm of Young, Haskins, Mann, Gregory, McGarry, and Wall, P. C. in Martinsville, Virginia.

He has served as a director of the Bank since its formation and also as director of several predecessor banks. Ms. Karavatakis was appointed to position of President and Chief Administrative Officer in June 2016 and was elected as a member of the Board of Directors in February 2017.