Carter Bank Adds Two Mortgage Loan Officers
The Virginia-based bank has added two mortgage specialists to serve homebuyers across four Virginia markets.
Updated on Nov. 10, 2026 in Credit Cards
Carter Bank has added two mortgage loan officers, Carl Garnett and Tom Ulbrich, to serve homebuyers in Virginia. Garnett will primarily serve Charlottesville and Lynchburg, while Ulbrich will cover Bedford and Smith Mountain Lake.
Why it matters
The additions expand the bank's mortgage lending presence in Virginia markets where prospective homebuyers seek local, experienced loan guidance. The move reflects the bank's continued focus on residential lending within its footprint.
Carter Bank, headquartered in Martinsville, reported 63 branches and $4.7 billion in assets as of Sept. 30, per its latest investor presentation. Financial terms for the hires and loan volume targets were not disclosed.
The players
Carter Bank
Carter Bank is a Martinsville, Virginia-headquartered bank operating in Virginia and North Carolina.
Carl Garnett
Carl Garnett is a mortgage loan officer with nearly 30 years of industry experience who previously worked with credit unions and other financial institutions.
Tom Ulbrich
Tom Ulbrich is a residential mortgage loan officer with more than 30 years of experience in the field.
The details
Carl Garnett brings nearly 30 years of mortgage industry experience, including prior work with credit unions and other financial institutions. Tom Ulbrich has more than 30 years of residential mortgage experience and will focus on the Bedford and Smith Mountain Lake markets.
Timeline
Assets and branch figures reported as of Sept. 30.
Market Landscape
The hires extend Carter Bank's residential lending presence within Virginia and North Carolina, where it competes with regional banks and credit unions for mortgage business. The move adds local loan officers in markets the bank already serves.
Virginia homebuyers in Charlottesville, Lynchburg, Bedford, and Smith Mountain Lake gain access to additional local mortgage loan officers at Carter Bank. Buyers comparing lenders can contact these officers directly for loan options in their area.
The takeaway
Homebuyers in Virginia should compare mortgage offers from several lenders, including local banks like Carter Bank, before committing to a loan. Experienced loan officers can help clarify rates, fees, and loan terms specific to each market.
Further reading
For related coverage, explore Credit Cards to see how lending decisions shape household borrowing in Virginia.
