Description
As of October 1, 2020, Carroll Bancorp, Inc. was acquired by Farmers and Merchants Bancshares, Inc. Carroll Bancorp, Inc. operates as the bank holding company for Carroll Community Bank that provides financial services to individuals, families, and businesses in Maryland. It accepts various deposit products, such as checking accounts, savings accounts, certificates of deposit, money market accounts, and individual retirement accounts. The company's loan products include construction/rehab/lot, home equity, auto, and personal loans; and commercial mortgages and construction loans, working capital and equipment loans, lines and letters of credit, and business overdraft protection. In addition, the company provides asset management, remote deposit capture, ACH origination, merchant card, and Internet banking services. It operates three banking offices in Sykesville, Westminster, and Bethesda, Maryland. The company was founded in 1870 and is based in Sykesville, Maryland.
