 MARTINSVILLE, VA ACCESSWIRE May 18, 2020 Carter Bank Trust the Bank CARE today announced that it received notice from The Nasdaq Stock Market LLC Nasdaq stating that because the Bank has not yet filed its Annual Report on Form 10-K for the period ended December 31, 2019 the Annual Report, the Bank is not in compliance with Nasdaq Listing Rule 5250c1, which requires timely filing of periodic financial reports with the Securities and Exchange Commission or, in the Banks case, the Federal Deposit Insurance Corporation FDIC. As previously disclosed, the Bank and its auditor are currently evaluating collateral supporting one impaired loan relationship. The Banks evaluation of the collateral is dependent, in part, on the results of a pending independent appraisal regarding the collateral. 