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West Virginia Gov. Jim Justice and his family won’t immediately have to pay Carter Bank a lump sum of more than $61 million, and Carter Bank & Trust won’t be subject to the more than $400 million lawsuit the Justices filed against the Virginia bank, as part of a settlement the parties reached earlier this week.

In the settlement, Carter Bank restructured the Justice family companies’ loans with the bank, giving the Justices a set schedule and more time to pay back what they owe.

Lacie Pierson covers politics. She can be reached at 304-348-1723 or Follow @laciepierson on Twitter.

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