Carter Bank Names Kimberly Schaufenbuel EVP, Chief Human Resources Officer
Rhea-AI Summary
Carter Bank (Nasdaq:CARE) appointed Kimberly Dempsey Schaufenbuel as Executive Vice President and Chief Human Resources Officer, effective Feb. 2, 2026. Schaufenbuel will lead Human Resources and Training, bringing more than 20 years of HR, talent management, and organizational change experience.
She joins from Cherry Bekaert as a former Chief Human Resource Officer and will focus on leadership development, career pathing, integrated associate experience, and strengthening culture to support Carter Bank's long-term success.
Positive
- Appointment effective Feb. 2, 2026
- Will lead Human Resources and Training
- Brings 20+ years of HR and talent experience
- Previously served as Chief Human Resource Officer at Cherry Bekaert
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
CARE was up 0.96% with mixed peer moves: AROW +0.58%, RRBI +2.89%, ACNB +2.03%, NFBK +0.44%, HBCP -0.62%. No clear sector-wide pattern and no peers in the momentum scanner.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Earnings results | Positive | +2.8% | Q4 and full-year 2025 earnings growth with loan and margin expansion. |
| Dec 10 | Branding awards | Positive | +3.2% | Multiple national awards for 2024 rebrand and Forbes best-bank recognition. |
| Nov 20 | Market expansion | Positive | +0.2% | Entry into Greenville, SC market with experienced local leadership team. |
| Nov 13 | Regulatory status | Positive | -0.7% | Approval for Carter Bank to become a state member bank and added flexibility. |
| Oct 23 | Earnings results | Negative | -6.3% | Q3 2025 net income decline versus Q2 alongside elevated nonperforming loans. |
Recent news (earnings, strategic moves, awards) has more often seen positive price alignment, with one notable negative earnings reaction.
Over the past several months, Carter Bankshares has reported improving financial performance and strategic progress. Q3 2025 results showed net income of $5.4M and Q4 2025 full-year net income of $31.4M, with loans reaching $3.9B and net interest margin at 2.92%. Strategically, the bank expanded into Greenville, South Carolina and joined the Federal Reserve Bank of Richmond as a state member bank, while its 2024 rebrand earned multiple national awards. Today’s executive HR appointment fits into this broader theme of organizational and cultural investment.
Market Pulse Summary
This announcement highlights Carter Bank’s focus on strengthening culture, talent development, and leadership through the appointment of a seasoned HR executive with more than 20 years of experience. It follows a period of improving earnings, loan growth to $3.9B, and strategic expansion into new markets. When assessing impact, investors may track how leadership and culture initiatives complement previously reported financial performance, credit quality trends, and capital allocation, including the recently authorized $10,000,000 repurchase program.
AI-generated analysis. Not financial advice.
Veteran HR executive will work to strengthen talent and culture to support long-term success
MARTINSVILLE, VA / ACCESS Newswire / February 18, 2026 / Carter Bank (Nasdaq:CARE) CEO Litz Van Dyke announced today the appointment of Kimberly Dempsey Schaufenbuel as Executive Vice President and Chief Human Resources Officer, effective Feb. 2, 2026.
Schaufenbuel brings more than 20 years of experience in human resources, talent management, learning and performance, and organizational change to the Bank's Executive Management Team and will lead both the Human Resources and Training teams.
"Kimberly will be a valuable partner to our leadership team and a trusted advocate for our associates," said Van Dyke. "She will play a key role in helping create a more integrated associate experience, strengthening leadership development and career pathing, that ensures consistent, high-quality learning across the organization. Kimberly's vision and expertise will have a meaningful and positive impact as we continue investing in our people, our culture, and the long-term success of Carter Bank."
Schaufenbuel, who most recently served as Chief Human Resource Officer at Cherry Bekaert in Raleigh, N.C., said she was drawn to Carter Bank's people, values, and long-term focus.
"The commitment to putting customers, employees, and communities first is evident in every interaction," Schaufenbuel said. "The mission, the strategy, and the strength of the team create exactly the kind of environment where I do my best work."
Schaufenbuel will work to build strong cultures that enable performance and growth.
"I believe people are an organization's greatest strategic advantage, and I want associates to feel heard, respected, and equipped to succeed," she said. "When we have a culture where associates can do their best work and grow their capabilities, we will drive meaningful outcomes. When culture and strategy are aligned, and talent development serves as a catalyst for growth, we become positioned for long-term success."
Schaufenbuel holds a Bachelor's from the University of Florida and a Master's from UNC Charlotte, both in psychology. She and her husband, Eric, have two sons and are active in their community. Outside of work, she enjoys reading, traveling, and spending time on the water.
To learn more about Carter Bank, visit carterbank.com.
About Carter Bank
Headquartered in Martinsville, Va., Carter Bank is a
Contact:
Brooks Taylor
VP, Corporate Communications Officer
Brooks.Taylor@cbtcares.com
276.806.5445
SOURCE: Carter Bankshares, Inc.
View the original press release on ACCESS Newswire
FAQ
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