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MARTINSVILLE – Friends and colleagues remember Worth H. Carter Jr. as a talented, intelligent banker and businessman who was well-regarded for his generosity and benevolence not only for his community, but also anyone who needed his advice or help.

Carter established 10 community banks across Virginia that merged in 2006 to become Martinsville-based Carter Bank & Trust, which now has more than $4.5 billion in assets and 123 branches in Virginia and North Carolina, its website shows. He was its chairman of the board and chief executive officer.

At 79, he died Friday morning following a brief illness.

Bruce Whitehurst, president and chief executive officer of the Virginia Bankers Association, said Carter was respected and admired by banking professionals throughout the state.

“He had a way of looking at things differently than other people” and always turning projects into successes, Whitehurst said.

“In an industry changing so much,” he said, Carter approached banking “in the traditional way” – customers being able to walk into their local bank branch and have all of their needs handled there. He believes that is what has made Carter Bank & Trust and its predecessors successful over the years.

People are also reading…

Martinsville lawyer James W. Haskins, a longtime friend and attorney of Carter’s, described him as “the most brilliant man I’ve ever encountered.”

“He only had to hear something once or read something once. It was in his mind, and he never forgot it,” said Phyllis Karavatakis, president of Carter Bank & Trust. “His IQ must have been off the charts.”

Carter could “eyeball a column of numbers” and immediately total it in his head, before an employee could even touch an adding machine, Karavatakis recalled.

A native of Richmond, Carter earned a bachelor’s degree in political science and history from the University of Richmond before attending the University of Virginia Law School in Charlottesville.

He was employed by the Safeway supermarket chain before he went to work for the Federal Reserve Bank of Richmond in 1960 as a bank examiner, having responsibility for ensuring that banks in Virginia, West Virginia, Maryland, North Carolina and South Carolina operated ethically and within the law.

In 1964, Carter joined Piedmont Trust Bank in Martinsville, eventually becoming its vice president and comptroller. But nine years later, as he recalled in a 1978 Martinsville Bulletin article, he resigned after deciding that he wanted to try something on his own.

Carter then applied for and received charters to establish First National Bank of Rocky Mount, which opened in December 1974, and Patrick Henry National Bank, which opened in Martinsville in 1976. From that year through 1998, he also established eight other banks – Peoples Bank of Danville, Blue Ridge Bank of Floyd, South Boston Bank in Halifax County, Central National Bank of Lynchburg, Mountain National Bank of Galax, Patriot Bank in Fredericksburg, Shenandoah National Bank in Staunton and First National Exchange Bank in Roanoke.

He also launched four subsidiaries – Mortgage Company of Virginia Inc., Bank Services of Virginia Inc., Bank Services Insurance and, as part of a joint venture, Coresoft, a computer software developer – and served as president and board chairman of each.

Improving and promoting education was a mission of Carter’s. For 21 years, he was on the Martinsville School Board and served as chairman for 11 years. He also was on the University of Richmond’s board for four years and the boards of Averett University and Ferrum and Mary Baldwin colleges for eight years.

The University of Richmond presented Carter its Alumni Distinguished Service Award in 2002.

Two years later, he received the Heck Ford Award from the Martinsville-Henry County Chamber of Commerce, which honored him for lifetime achievement in leadership, commitment and dedication to helping boost the community’s economy.

“He was an incredible, well-respected businessman and a true visionary and leader in determining what’s best for our area,” said former chamber president and Martinsville mayor Kim Adkins, now the executive director for the United Way of Henry County-Martinsville.

The trade publication Bank Technology News named Carter its Technology Innovator of the Year in 2010 after he developed a core software platform for use by banks.

Carter was a member of First Baptist Church in Martinsville.

He received an honorary doctorate in business from Liberty University in 2012. His bank provided Liberty – now the world’s largest Christian-oriented university – short-term loans beginning in 1988 and its first long-term mortgage financing in 1997, according to university President Jerry Falwell Jr.

Falwell could not be reached for comment on Friday. However, he has described Carter in a published report as “a quiet and humble man who has always shied away from large crowds” and public recognition.

Karavatakis said Carter’s name would come to mind first “if you had to define a ‘southern gentleman.’”

“He was true to his word, sincere and never pretentious,” she said.

And, he always was fair in business dealings, as well as with employees and customers, Haskins said.

“His credibility was unimpeachable,” he said.

Employees and community leaders often came to Carter for professional and personal advice, Adkins and Karavatakis recalled.

“He was always gracious with his time when you sought advice,” Adkins said.

“A lot of people have a very heavy heart” now because of his demise, she continued.

But “his legacy will live on,” said Karavatakis.

Carter was preceded in death by his wife of 42 years, Katherine S. Carter, and his parents, Worth Harris Carter Sr. and Fannie West Carter.

Surviving are his children and their spouses, Katherine Louise Carter, Worth Harris Carter III and Susan H. Carter, and Ernest Linwood Carter II and Amber M. Carter; a brother and sister-in-law, Ernest Linwood Carter and Margaret S. Carter; six grandchildren; two great-grandchildren and three nieces and nephews.

According to Karavatakis and Haskins, Carter’s funeral will be held at 2 p.m. next Saturday at Thomas Road Baptist Church in Lynchburg,

Norris Funeral Services in Martinsville is handling Carter’s arrangements. Further details were not available Friday.

Mickey Powell reports for the martinsvillebulletin.com. He can be reached at [email protected]

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MARTINSVILLE – Friends and colleagues remember Worth H. Carter Jr. as a talented, intelligent banker and businessman who was well-regarded for his generosity and benevolence not only for his community, but also anyone who needed his advice or help.

Carter established 10 community banks across Virginia that merged in 2006 to become Martinsville-based Carter Bank & Trust, which now has more than $4.5 billion in assets and 123 branches in Virginia and North Carolina, its website shows. He was its chairman of the board and chief executive officer.

At 79, he died Friday morning following a brief illness.

Bruce Whitehurst, president and chief executive officer of the Virginia Bankers Association, said Carter was respected and admired by banking professionals throughout the state.

“He had a way of looking at things differently than other people” and always turning projects into successes, Whitehurst said.

“In an industry changing so much,” he said, Carter approached banking “in the traditional way” – customers being able to walk into their local bank branch and have all of their needs handled there. He believes that is what has made Carter Bank & Trust and its predecessors successful over the years.

People are also reading…

Martinsville lawyer James W. Haskins, a longtime friend and attorney of Carter’s, described him as “the most brilliant man I’ve ever encountered.”

“He only had to hear something once or read something once. It was in his mind, and he never forgot it,” said Phyllis Karavatakis, president of Carter Carter bank and trust galax va & Trust. “His IQ must have been off the charts.”

Carter could “eyeball a column of numbers” and immediately total it in his head, before an employee could even carter bank and trust galax va an adding machine, Karavatakis recalled.

A native of Richmond, Carter earned a bachelor’s degree in political science and history from the University of Richmond before attending the University of Virginia Law School in Charlottesville.

He was employed by the Safeway supermarket chain before he went to work for the Federal Reserve Bank of Richmond in 1960 as a bank examiner, having responsibility for ensuring that banks in Carter bank and trust galax va, West Virginia, Maryland, North Carolina and South Carolina operated ethically and within the law.

In 1964, Carter joined Piedmont Trust Bank in Martinsville, eventually becoming its vice president and comptroller. But nine years later, as he recalled in a 1978 Martinsville Bulletin article, he resigned after deciding that he wanted to try something on his own.

Carter then applied for and received charters to establish First National Bank of Rocky Mount, which opened in December 1974, and Patrick Henry National Bank, which opened in Martinsville in 1976. From that year through 1998, he also established eight other banks – Peoples Bank of Danville, Blue Ridge Bank of Floyd, South Boston Bank in Halifax County, Central National Bank of Lynchburg, Mountain National Bank of Galax, Patriot Bank in Fredericksburg, Shenandoah National Bank in Carter bank and trust galax va and First National Exchange Bank in Roanoke.

He also launched four subsidiaries – Mortgage Company of Virginia Inc., Bank Services of Virginia Inc., Bank Services Insurance and, as part of a joint venture, Coresoft, a computer software developer – and served as president and board chairman of each.

Improving and promoting education was a mission of Carter’s. For 21 years, he was on the Martinsville School Board and served as chairman for 11 years. He also was on the University of Richmond’s board for four years and the boards of Averett University and Ferrum and Mary Baldwin colleges for eight years.

The University of Richmond presented Carter its Alumni Distinguished Service Award in 2002.

Two years later, he received the Heck Ford Award from the Martinsville-Henry County Chamber of Commerce, which honored him for lifetime achievement in leadership, commitment and dedication to helping boost the community’s economy.

“He was an incredible, well-respected businessman and a true visionary and leader in determining what’s best for our area,” said former chamber president and Martinsville mayor Kim Adkins, now the executive director for the United Way of Henry County-Martinsville.

The trade publication Bank Technology News named Carter its Technology Innovator of the Year in 2010 after he developed a core software platform for use by banks.

Carter was a member of First Baptist Church in Martinsville.

He received an honorary doctorate in business from Liberty University in 2012. His bank provided Liberty – now the world’s largest Christian-oriented university – short-term loans beginning in 1988 and its first long-term mortgage financing in 1997, according to university President Jerry Falwell Jr.

Falwell could not be reached for comment on Friday. However, he has described Carter in a published report as “a quiet and humble man who has always shied away from large crowds” and public recognition.

Karavatakis said Carter’s name would come to mind first “if you had to define a ‘southern gentleman.’”

“He was true to his word, sincere and never pretentious,” she said.

And, he always was fair in business dealings, as well as with employees and customers, Haskins said.

“His credibility was unimpeachable,” he said.

Employees and community leaders often came to Carter for professional and personal advice, Adkins and Karavatakis recalled.

“He was always gracious with his time when you sought advice,” Adkins said.

“A lot of people have a very heavy heart” now because of his demise, she continued.

But “his legacy will live on,” said Karavatakis.

Carter was preceded in death by his wife of 42 years, Katherine S. Carter, and his parents, Worth Harris Carter Sr. and Fannie West Carter.

Surviving are his children and their spouses, Katherine Louise Carter, Worth Harris Carter III and Susan H. Carter, and Ernest Carter bank and trust galax va Carter II and Amber M. Carter; a brother and sister-in-law, Ernest Linwood Carter and Margaret S. Carter; six grandchildren; two great-grandchildren and three nieces and www walmart one com to Karavatakis and Haskins, Carter’s funeral will be held at 2 p.m. next Saturday at Thomas Road Baptist Church in Lynchburg,

Norris Funeral Services in Carter bank and trust galax va is handling Carter’s arrangements. Further details were not available Friday.

Mickey Powell reports for the martinsvillebulletin.com. He can be reached at [email protected]

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MARTINSVILLE – Friends and colleagues remember Worth H. Carter Jr. as a talented, intelligent banker and businessman who was well-regarded for his generosity and benevolence not only for his community, but also anyone who needed his advice or help.

Carter established 10 community banks across Virginia that merged in 2006 to become Martinsville-based Carter Bank & Trust, which now has more than $4.5 billion in assets and 123 branches in Virginia and North Carolina, its website shows. He was its chairman of the board and chief executive officer.

At 79, he died Friday morning following a brief illness.

Bruce Whitehurst, president and chief executive officer of the Virginia Bankers Association, said Carter was respected and admired by banking professionals throughout the state.

“He had a way of looking at things differently than other people” and always turning projects into successes, Whitehurst said.

“In an industry changing so much,” he said, Carter approached banking “in the traditional way” – customers being able to walk into their local bank branch and have all of their needs handled there. He believes that is what has made Carter Bank & Trust and its predecessors successful over the years.

People are also reading…

Martinsville lawyer James W. Haskins, a longtime friend and attorney of Carter’s, described him as “the most brilliant man I’ve ever encountered.”

“He only had to hear something once or read something once. It was in his mind, and he never forgot it,” said Phyllis Karavatakis, president of Carter Bank & Trust. “His IQ must have been off the charts.”

Carter could “eyeball a column of numbers” and immediately total it in his head, before an employee could even touch an adding machine, Karavatakis recalled.

A native of Richmond, Carter earned a bachelor’s degree in political science and history from the University of Richmond before attending the University of Virginia Law School in Charlottesville.

He was employed by the Safeway supermarket chain before he went to work for the Federal Reserve Bank of Richmond in 1960 as a bank examiner, having responsibility for ensuring that banks in Virginia, West Virginia, Maryland, North Carolina and South Carolina operated ethically and within the law.

In 1964, Carter joined Piedmont Trust Bank in Martinsville, eventually becoming its vice president and comptroller. But nine years later, as he recalled in a 1978 Martinsville Bulletin article, he resigned after deciding that he wanted to try something on his own.

Carter then applied for and received charters to establish First National Bank of Rocky Mount, which opened in December 1974, and Patrick Henry National Bank, which opened in Martinsville in 1976. From that year through 1998, he also established eight other banks – Peoples Bank of Danville, Blue Ridge Bank of Floyd, South Boston Bank in Halifax County, Central National Bank of Lynchburg, Mountain National Bank of Galax, Patriot Bank in Fredericksburg, Shenandoah National Bank in Staunton and First National Exchange Bank in Roanoke.

He also launched four subsidiaries – Mortgage Company of Virginia Inc., Bank Services of Virginia Inc., Bank Services Insurance and, as part of a joint venture, Coresoft, a computer software developer – and served as president and board chairman of each.

Improving and promoting education was a mission of Carter’s. For 21 years, he was on the Martinsville School Board and served as chairman for 11 years. He also was on the University of Richmond’s board for four years and the boards of Averett University and Ferrum and Mary Baldwin colleges for eight years.

The University of Richmond presented Carter its Alumni Distinguished Service Award in 2002.

Two years later, he received the Heck Ford Award from the Martinsville-Henry County Chamber of Commerce, which honored him for lifetime achievement in leadership, commitment and dedication to helping boost the community’s economy.

“He was an incredible, well-respected businessman and a true visionary and leader in determining what’s best for our area,” said former chamber president and Martinsville mayor Kim Adkins, now the executive director for the United Way of Henry County-Martinsville.

The trade publication Bank Technology News named Carter its Technology Innovator of the Year in 2010 after he developed a core software platform for use by banks.

Carter was a member of First Baptist Church in Martinsville.

He received an honorary doctorate in business from Liberty University in 2012. His bank provided Liberty – now the world’s largest Christian-oriented university – short-term loans beginning in 1988 and its first long-term mortgage financing in 1997, according to university President Jerry Falwell Jr.

Falwell could not be reached for comment on Friday. However, he has described Carter in a published report as “a quiet and humble man who has always shied away from large crowds” and public recognition.

Karavatakis said Carter’s name would come to mind first “if you had to define a ‘southern gentleman.’”

“He was true to his word, sincere and never pretentious,” she said.

And, he always was fair in business dealings, as well as with employees and customers, Haskins said.

“His credibility was unimpeachable,” he said.

Employees and community leaders often came to Carter for professional and personal advice, Adkins and Karavatakis recalled.

“He was always gracious with his time when you sought advice,” Adkins said.

“A lot of people have a very heavy heart” now because of his demise, she continued.

But “his legacy will live on,” said Karavatakis.

Carter was preceded in death by his wife of 42 years, Katherine S. Carter, and his parents, Worth Harris Carter Sr. and Fannie West Carter.

Surviving are his children and their spouses, Katherine Louise Carter, Worth Harris Carter III and Susan H. Carter, and Ernest Linwood Carter II and Amber M. Carter; a brother and sister-in-law, Ernest Linwood Carter and Margaret S. Carter; six grandchildren; two great-grandchildren and three nieces and nephews.

According to Karavatakis and Haskins, Carter’s funeral will be held at 2 p.m. next Saturday at Thomas Road Baptist Church in Lynchburg,

Norris Funeral Services in Martinsville is handling Carter’s arrangements. Further details were not available Friday.

Mickey Powell reports for the martinsvillebulletin.com. He can be reached at [email protected]

Get local news delivered to your inbox!

Two dead, two injured in parking lot shooting

Pacific Bay restaurant moving

Applebee's sold

JavaScript appears to be disabled in your browser.

This form requires JavaScript to work.

No feedback yet. Be the first one to share your experience.

METRO UNITED BANK
7320 CLAIREMONT MESA BLVD
SAN DIEGO, CA 92111-1102
 

BANK OF NEW ENGLAND
31 PELHAM ROAD
SALEM, NH 03079-0000
 

UNITED SERVICE CREDIT UNION
909 9TH STREET
W DES MOINES, IA 50265-0000
 

MICHIGAN COMMERCE BANK
SUITE 70
DETROIT, MI 48226-0000
 

FOUNDATION BANK
25 GARFIELD PLACE
CINCINNATI, OH 45202-0000
 

NATIONAL BANK
212 SOUTH MAIN STREET
HILLSBORO, IL 62049-0310
 

O.U. FEDERAL CREDIT UNION
2000 W LINDSEY
NORMAN, OK 73069-0000
 

Latest Comments

SPRINGS VALLEY BANK & TRUST CO. - If you need to setup recurring wire transfer, call Springs Valley Bank & Trust representative at 800-843-4947 - sperry

KEY BANK NATIONAL ASSOCIATION - Started application for a refinance at Key Bank website. System did not allow me to fully complete the application online. I have to deal a 1003 from manually to fully complete. - BKNA

FIRST REPUBLIC BANK - Applying for a mortgage with First Republic, sent check for appraisal fee today. Waiting for appraisal contact name and phone number to access the property. - FRB