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Financial Security Since 1854 

Holding Company

Carlinville National Bank Shares, Inc. was organized in 1984 by the Board of Directors and shareholders of Carlinville National Bank. At that time, Charles H. Ashworth was president and CEO of the bank and was instrumental in promoting the holding company. Previously, the institution operated simply under the bank's charter. One limitation placed upon that form of organization is the inability for the bank to purchase and hold its own stock. Under a holding company structure, the parent company can create a market for its own shares, thus enhancing liquidity for its shareholders.

James T. Ashworth, son of Charles, and great grandson of the Bank's principal founder (A.L. Hoblit), was named president of the holding company in 1989, and remains in that capacity today. The company became more proactive with its flexible structure through organization of an income tax preparation subsidiary (Carlinville Tax Service), and purchase of a branch in Hillsboro in 1996. In 1997 CNBS purchased Palmer Bank, and in 1998 Citizens State Bank of Shipman and Brighton was acquired. More recently, the banks have organized a mortgage origination subsidiary (South Central Illinois Mortgage, LLC) to facilitate customer access to the secondary market for fixed-rate mortgage loans. In 2003, CNBS acquired Cornerstone Bank & Trust of Carrollton, Jerseyville, and Alton. All four bank charters remain intact, and the collective locations of the banks and SCIL total ten in a seven county area.

Such expansion in a consolidating industry is considered to be crucial for the continued viability of small, rural banks. By retaining separate charters, each bank in our holding company is directed by a local Board, with decisions being made by people who know and love the communities in which they reside. Yet, certain "economies of scale" are realized that are good for customers and shareholders alike. We trust that you will agree that the best bank is a Real Community Bank, and we encourage you to explore our Internet sites regularly for enhanced services and community events.