Also a Ferrum College Board of Trustees member, Karavatakis has been employed with Carter Bank & Trust for 38 years.

Phyllis Q. Karavatakis ’76 has been elected president of Carter Bank & Trust by the bank’s Board of Directors.

Karavatakis has been employed with Carter Bank & Trust for 38 years, most recently as executive vice president and chief lending officer.

Karavatakis earned an associate degree from Ferrum College, and a bachelor’s degree in business administration from the University of Richmond. She is a graduate of the Virginia Bankers Association School of Bank Management at the University of Virginia, and has completed multiple courses and seminars relating to the banking industry.

Karavatakis currently serves on the boards of trustees for several entities, including The Launch Place in Danville; Ferrum College, where she is chair of the audit committee; and the Virginia Bankers Association School of Bank Management. She is a former chair of the Martinsville-Henry County Chamber of Commerce, a founding board member of the Martinsville-Henry County Chamber’s Partnership for Economic Growth, and was the 2009 recipient of the Heck Ford Award, the highest leadership honor awarded by the Martinsville-Henry County Chamber.

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