From Illinois Business Journal News Services
O’FALLON — O’Fallon-Shiloh Chamber of Commerce recently held a ribbon cutting to welcome Carrollton Bank to the community.
“We are excited to see Carrollton Bank expand from a loan production office to a full-service bank,” said Chamber Executive Director Debbie Arell-Martinez.
Carrollton Bank is at the corner of Highway 50 and Green Mount Road in the building that was formerly occupied by Reliance Bank.
“We’ve been serving hundreds of business customers in this area for many years,” said Dan Jackson, president of the O’Fallon Carrollton Bank. “It’s exciting to open our full-service bank, so we can now serve everyone.”
Carrollton Bank was founded in Carrollton in 1877 by the great-great grandfather of the bank’s current CEO, Tom Hough. It is controlled by Hough and other bank officers. According to Hough, this ownership structure makes a critical difference in the way Carrollton does business.
“Business owners like dealing with other business owners. They know that we have the authority to give them what they want from a bank,” Hough said. “Customers come to us when they can no longer get that responsive service they like.”
Carrollton Bank has $1.2 billion in assets and 9 banks, in O’Fallon, Alton, Jerseyville, Carrollton and Springfield in Illinois, and St. Louis Hills, Clayton, Des Peres and St. Charles in Missouri.