Matt Waters Joins Carrollton Bank As Commercial Banking Officer

Veteran banker brings over 20 years of experience to Alton market

Published on Feb. 10, 2026

Got story updates? Submit your updates here. ›

Carrollton Bank, an employee-owned bank with over $3.8 billion in assets and 11 locations in Illinois and Missouri, has announced that Matt Waters has joined the bank as Senior Vice President, Commercial Banking in Alton. Waters brings more than two decades of banking experience in the Alton, Edwardsville, and Fairview Heights markets.

Why it matters

Carrollton Bank's addition of an experienced commercial banking officer like Matt Waters signals the bank's commitment to serving the growth needs of local businesses in the Metro East region. Waters' deep roots in the Alton community and involvement with local organizations also suggest Carrollton Bank's focus on building strong community relationships.

The details

In his new role, Waters will join Steve Thompson in serving the Metro East and surrounding communities, which continue to offer strong growth opportunities. 'I'm looking forward to working with our team to build strong relationships and support local businesses as they grow,' said Waters.

  • Matt Waters joined Carrollton Bank on February 10, 2026.

The players

Matt Waters

A veteran banker with more than 20 years of experience in the Alton, Edwardsville, and Fairview Heights markets, who has now joined Carrollton Bank as Senior Vice President, Commercial Banking.

Tom Hough

The CEO of Carrollton Bank, who welcomed Waters to the team, noting his track record of commitment to customers aligns well with the bank's philosophy.

Carrollton Bank

An employee-owned bank with more than $3.8 billion in assets and 11 locations in Illinois and Missouri, led by the fifth generation of the same family.

Got photos? Submit your photos here. ›

What they’re saying

“Matt's track record shows a long-term commitment to his customers, and that approach aligns well with our philosophy at Carrollton Bank.”

— Tom Hough, CEO of Carrollton Bank (riverbender.com)

“I'm looking forward to working with our team to build strong relationships and support local businesses as they grow.”

— Matt Waters, Senior Vice President, Commercial Banking at Carrollton Bank (riverbender.com)

The takeaway

Carrollton Bank's addition of an experienced commercial banking officer like Matt Waters demonstrates the bank's commitment to serving the growth needs of local businesses in the Metro East region, while also highlighting its focus on building strong community relationships.