In the summer of 1979 he compleated 44 years of outstanding service to the State of Alabama Banking Department. He started in 1935 during the cruelest part of the depression. In Alabama more than one third of the banks
were failing.
He was born in rural Houston county Alabama and at 12 years of age his family moved to Montgomery. The hard times forced him to drop out of high school and go to work.
In 1920 he went to work for a bank and continued until the summer of 1935 when banking superintendent J. Harvey Williams(2nd Bibb Graves administration) offered him a job as a bank examiner. He was called on the telephone and offered $200.00 a month & $3.00 per diem. He started in Birmingham with a briefcase and told to examine banks. That was the extent of his training. He was the fifth examiner to join the department. when he retired there were 27.
He saw incredible changes in the last five years in the banking industry. Everthing was being computerizerd and the regulations from the Federal Reserve Board of Examiners came in so fast that you could not keep up with them. He made friends all over the State and was proud to have been a small part in protecting the depositers money in the State Banks. He served as deputy superintendent under 16 different superintendents. He underestimated his long-time contributions to Alabama's banking industry and banking department, however those whom he had worked with were very aware of his life of outstanding service.
By Sam S. Forrester
were failing.
He was born in rural Houston county Alabama and at 12 years of age his family moved to Montgomery. The hard times forced him to drop out of high school and go to work.
In 1920 he went to work for a bank and continued until the summer of 1935 when banking superintendent J. Harvey Williams(2nd Bibb Graves administration) offered him a job as a bank examiner. He was called on the telephone and offered $200.00 a month & $3.00 per diem. He started in Birmingham with a briefcase and told to examine banks. That was the extent of his training. He was the fifth examiner to join the department. when he retired there were 27.
He saw incredible changes in the last five years in the banking industry. Everthing was being computerizerd and the regulations from the Federal Reserve Board of Examiners came in so fast that you could not keep up with them. He made friends all over the State and was proud to have been a small part in protecting the depositers money in the State Banks. He served as deputy superintendent under 16 different superintendents. He underestimated his long-time contributions to Alabama's banking industry and banking department, however those whom he had worked with were very aware of his life of outstanding service.
By Sam S. Forrester
In the summer of 1979 he compleated 44 years of outstanding service to the State of Alabama Banking Department. He started in 1935 during the cruelest part of the depression. In Alabama more than one third of the banks
were failing.
He was born in rural Houston county Alabama and at 12 years of age his family moved to Montgomery. The hard times forced him to drop out of high school and go to work.
In 1920 he went to work for a bank and continued until the summer of 1935 when banking superintendent J. Harvey Williams(2nd Bibb Graves administration) offered him a job as a bank examiner. He was called on the telephone and offered $200.00 a month & $3.00 per diem. He started in Birmingham with a briefcase and told to examine banks. That was the extent of his training. He was the fifth examiner to join the department. when he retired there were 27.
He saw incredible changes in the last five years in the banking industry. Everthing was being computerizerd and the regulations from the Federal Reserve Board of Examiners came in so fast that you could not keep up with them. He made friends all over the State and was proud to have been a small part in protecting the depositers money in the State Banks. He served as deputy superintendent under 16 different superintendents. He underestimated his long-time contributions to Alabama's banking industry and banking department, however those whom he had worked with were very aware of his life of outstanding service.
By Sam S. Forrester
were failing.
He was born in rural Houston county Alabama and at 12 years of age his family moved to Montgomery. The hard times forced him to drop out of high school and go to work.
In 1920 he went to work for a bank and continued until the summer of 1935 when banking superintendent J. Harvey Williams(2nd Bibb Graves administration) offered him a job as a bank examiner. He was called on the telephone and offered $200.00 a month & $3.00 per diem. He started in Birmingham with a briefcase and told to examine banks. That was the extent of his training. He was the fifth examiner to join the department. when he retired there were 27.
He saw incredible changes in the last five years in the banking industry. Everthing was being computerizerd and the regulations from the Federal Reserve Board of Examiners came in so fast that you could not keep up with them. He made friends all over the State and was proud to have been a small part in protecting the depositers money in the State Banks. He served as deputy superintendent under 16 different superintendents. He underestimated his long-time contributions to Alabama's banking industry and banking department, however those whom he had worked with were very aware of his life of outstanding service.
By Sam S. Forrester
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