Macon Bank has been a pillar of the Macon County community since it was first established nearly 90 years ago. On Tuesday, in conjunction with the Chamber of Commerce Alive After Five event, Macon Bank invited the community to join in celebrating the bank's 90th anniversary. To continue the celebration, Macon Bank handed out popcorn and soft drinks to customers in the drive thru on Friday.
According to Macon Bank President and CEO Roger Plemens, the bank is ecstatic to have had the opportunity to grow over the last 90 years and moving forward, the bank hopes to continue structuring operations to best meet customer needs.
“Our main emphasis moving forward will continue to be serving the people of Western North Carolina,” said Plemens. “I would like to thank everyone who have supported us over the years. We have great customers who continue to be supportive and it is that support that keep a community bank going.”
In 1922, Franklin attorney Gilmer A. Jones, had an idea to organize a building and loan association. There was an urgent need for an institution offering citizens an opportunity to become home owners, and a depository that would pay a good rate of interest on individual savings in Macon County. Jones’ idea became reality, when on Oct. 6, 1922, the Macon County Building and Loan Association opened its office upstairs above the Bank of Franklin. Times were tough but even through the Great Depression of the early 1930s, not a penny was lost on a loan.
By 1963, the original small office had become inadequate. In 1964, the association moved to a building at the corner of West Main and Maple Streets.
In October 1972, Macon Building and Loan Association changed its name to Macon Savings and Loan Association. Macon Savings continued to grow and opened its first branch office in downtown Murphy in 1981, as the bank approached its 60th year.
In 1985, Franklin’s main branch moved into the new colonial-style building located in the heart of downtown Franklin. On June 25, 1988, during a severe electrical storm, the building was struck by lightning and was completely destroyed. Although disaster had struck, Macon Savings never missed an hour of service.
Since 1993 and now known as just Macon Bank, nine more branches have been opened, including another in Franklin at Holly Springs Plaza, one in Highlands, Brevard, Sylva, Cashiers, Columbus, Saluda and two in Hendersonville.
The staff and directors of Macon Bank are community residents. The people deciding your loan status often are your neighbors and friends. Macon Bank is not stockholder controlled. Management decisions are not based on turning profits each quarter – the decisions are made with only the best interest of the bank and customers at heart.
Macon Bank was established in 1922 as a Building and Loan Association. This opened new doors of opportunity to local residents for home ownership.
Macon Bank has always been known for their residential lending, both for primary and secondary homes. For many years they have also been involved in consumer, commercial and small business lending.