Company History

In 1900, by an act of the Maryland General Assembly, a banking charter was granted to The Mercantile Bank.  The Bank opened for business in 1903 in West Baltimore -- a thriving area of Baltimore City that encompassed the Hollins Market, Baltimore and Ohio Railroads’ Mount Clare repair shops, and the home of H.L. Mencken.

In 1933, when the Bank reopened after the Great Depression, the name of the Bank was changed to The Carrollton Bank of Baltimore.

As a part of our proud heritage and history of serving our customers, Carrollton Bank is one of the few banks in the United States that repaid each depositor all the funds deposited in their bank account prior to the “Bank Holiday” of 1933.  It took 30 years; however, every dollar was repaid to the depositor or their beneficiary.

In 1990, the shareholders of the Bank approved the formation of Carrollton Bancorp, and approved changing the Bank name to Carrollton Bank.

Carrollton Bank is a community bank meeting the needs of its customers with traditional banking services which include checking accounts, savings accounts, certificates of deposit, money market accounts and a wide array of retail and business services.  In addition, state-of-the-art electronic banking services provide our depositors with access to their funds 24 hours a day almost anywhere in the world.

Carrollton Bank services the Central Maryland region with 10 branch locations, Carrollton Financial Services, Inc., a financial services subsidiary, Carrollton Mortgage Services, Inc., a mortgage company subsidiary and Carrollton Community Development Corporation, a development subsidiary that offers support to selected low-to-moderate income areas in Baltimore.