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FDIC, Virginia regulator lift consent order on Carter Bank & Trust

The Federal Deposit Insurance Corp. and the Virginia Bureau of Financial Institutions terminated their consent order on Martinsville, Va.-based Carter Bank & Trust, effective July 31.

The order was issued August 2016, and the bank was ordered to address deficiencies in its compliance with the Bank Secrecy Act and other anti-money laundering regulations. Carter Bank & Trust said the termination means it has complied with all of the order's requirements.