Carrollton Bancorp

Carrollton Bancorp is a financial institution focused on delivering a broad range of banking services to individuals and businesses, supporting their financial growth and security needs effectively. Carrollton Bancorp is a bank providing various financial services, founded in 1990 and headquartered in Columbia, US. In April 2012, the company was acquired by Jefferson Bancorp, a portfolio of Hovde Private Equity, completing the deal in April 2013. The bank has engaged in one deal to date, with its most recent funding round being an Add-on of USD 25.

00 mn, led by Bay Bank, which represents the total amount raised. Carrollton Bank primarily offers a comprehensive suite of banking services designed to meet the diverse needs of individual and commercial clients. Its core product offerings include personal and business checking accounts, savings accounts, loans, and mortgage services, all aimed at facilitating financial growth and security for its customers. The bank also provides specialized services such as wealth management, investment services, and financial planning, catering to both retail consumers and small to medium-sized enterprises.

These products aim to address common financial challenges, such as saving for future goals and managing cash flow. Carrollton Bank serves a wide array of clients, including individual consumers, local businesses, and non-profit organizations, primarily within urban and suburban markets across the Midwest and select regions in the Southeast. In 2011, Carrollton Bank generated revenue of USD 19. 90 mn, primarily through interest income from loans, fees from account services, and transaction-related charges.

This includes monthly service fees on personal checking accounts and fee-based treasury management services for businesses, alongside interest income from mortgage and personal loans. Looking ahead, Carrollton Bancorp aims to expand its product offerings and geographic reach. Plans are underway to introduce new banking products designed for enhanced customer engagement, with specific details yet to be announced. The bank is targeting expansion into new markets across the Southeast region of the US, with strategic initiatives expected to roll out following the completion of the recent funding round on April 9, 2012.

The USD 25. 00 mn from the latest funding will support these growth efforts, while also enhancing its competitive standing in the banking sector.