Boxwood Partners advises Carter Bank & Trust

Boxwood advises Carter Bank & Trust on its acquisition of Bank Building Corporation. 

RICHMOND, VA (APRIL 30, 2008): Carter Bank & Trust (OTC: CARE) and Bank Building Corporation announced that on April 30, 2008 Bank Building Corporation merged with and into Carter Bank. Carter Bank is the surviving corporation following the merger. Boxwood Partners, LLC acted as the exclusive financial advisor to Carter Bank & Trust with respect to the transaction. 


About Carter Bank & Trust: 

Carter Bank, based in Martinsville, VA, is one of the largest independent state chartered commercial banks headquartered in Virginia, operating 124 branches in Virginia and North Carolina. 


About Bank Building Corporation: 

Bank Building Corporation, based in Martinsville, VA, is a company focused on acquiring and developing property for lease as bank branches. 


About Boxwood Partners, LLC: 

Boxwood Partners (www.boxwoodpartners.com), together with its affiliate Boxwood Capital Partners, is an integrated mid-market investment banking and private investment management firm based in Richmond, VA. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give our clients a distinct advantage in the market. The firm’s extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, hedge funds, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants ensure that the firm’s clients receive the attention and service they deserve. 

Contact: Bobby Morris 
Phone: (804) 343-3442 
bmorris@boxwoodpartners.com