Carroll Community Bank

Carroll Community Bank was established on April 4, 1904, originally named the Sykesville Building Association of Carroll County. Throughout its history, the institution underwent several changes, including a name change to Sykesville Federal Savings Association on December 31, 1988, and a subsequent chartering change to the Office of Thrift Supervision. On July 1, 2010, the bank rebranded as Carroll Community Bank and transitioned to a Mutual Savings Bank, with regulatory oversight shifted to the Federal Deposit Insurance Corporation (FDIC). On October 12, 2011, it changed its organization type to a commercial bank. Ultimately, on October 1, 2020, Carroll Community Bank merged with Farmers and Merchants Bank, located in Upperco, Maryland, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1904-04-04Institution established. Original name: Sykesville Building Association of Carroll County.

1988-12-31Changed Chartering Agency to Ots.

1988-12-31Changed Institution Name to Sykesville Federal Savings Association.

2010-07-01Changed Chartering Agency to State.

2010-07-01Changed Bank Class to FDIC Supervised State Savings Bank.

2010-07-01Changed Organization Type to Mutual Savings Bank.

2010-07-01Changed Primary Federal Regulatory Agency to FDIC.

2010-07-01Changed Institution Name to Carroll Community Bank.

2011-10-12Changed Organization Type to Commercial Bank.

2020-10-01Merged and became part of Farmers and Merchants Bank in Upperco, MD.