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Security Bank & Trust Company , was founded
in 1905, by Dr. J. L. Rainey, as Cottage
Grove Bank & Trust. It is the only home
owned and operated bank in Henry County. The
bank began business with an authorized
capital of 20,000.00. By 1909 the bank had
increased its capital to $50,000.00.
The first Board of Directors was comprised
of the entire list of stockholders; Dr. J.
L. Rainey, W. E. Rainey, J. C. Rainey, J. P.
Rainey, and J. N. Puryear. Dr. Rainey acted
as President of the bank.
In 1947 J. T. Rainey, son of Dr. J. L.
Rainey, was elected President of Cottage
Grove Bank & Trust Company and served 30
years as President. He retired as President
in 1977 and was honored as the longest
serving employee of the bank with 52 years
of service.
Mr. T. J. Weaver, Jr. acquired the bank in
1977 and since that time Cottage Grove Bank
has seen a lot of changes. In 1979 Mr.
Weaver changed the Bank's name from Cottage
Grove Bank & Trust Company to Security Bank
& Trust Company, and in 1980 the main
operations of the bank were moved to it's
newly built office at 210 West Washington
Street in downtown Paris, where it remains
today. Mr. Weaver retired from the bank in
1991, Mr. Weaver was followed as President
by Brent Greer and Ernest Beasley.
By the end of 1986 assets of the bank had
grown to over 52 million and the bank had
acquired the Farmers and Merchants bank of
Puryear and built the Paris Landing Branch
on Hwy 79. In the next seven years Security
Bank opened Mineral Well and Lakeway
branches in the Paris area, and assets had
grown to 85 million.
In January of 1994 renovations began on the
building two doors east of the Main office,
now known as The Annex, this building houses
the loan offices and bookkeeping operations
of the bank.
Barry P. McIntosh, Jr. was appointed
President and CEO of the bank in January of
1998, as of 2008 the banks total assets were
listed at $158,850,000. In the fourth
quarter of 2008 Security Bank received the
honor to being named the Number 2 Bank in
the entire State of Tennessee by Financial
Management Consulting Group.
Security Bank & Trust Company has 49
dedicated employees at seven branches who
are happy to serve our customers with
professional hometown service of which Henry
County can be proud. |
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