A look back on the Banking Industry 75 years ago.
In 1945, The Farmers and Merchants Bank of Moulton (now SouthStar Bank) celebrated its 25th anniversary. During this time, the Bank moved into the old First State Bank of Moulton building. Elo C. Fehrenkamp also took over as Bank President during this year.
By 1945, the Banking Industry had been largely affected by World War II:
- Large-scale war financing by the federal government led to the rise of Banking assets.
- The largest single operation performed by the Federal Reserve Banks was handling war savings bonds.
- U.S. government securities account for 57% of total banking assets.
Today, SouthStar Bank continues to serve the people that make our communities shine.
We invite you to join in our 100 year celebration in Moulton on October 21, 3:30-6:30PM.