The first president of Bank of Brewton was Charles L. Sowell. He was employed in the milling and lumber business until the Civil War broke out. He took part in the bloody battles of Murfreesboro, Mission Ridge, Lookout Mountain, Chichamauga, Franklin, and Nashville. In the Nashville battle he lost his left arm when a rifle ball shattered it. The next day he was made prisoner.
He was appointed as station agent for the L & N Railroad at Brewton, shortly after his return from the war.
In 1869 he resigned and engaged in the buying and selling of timber. He built a large sawmill and employed a large work force until 1888.
Brewton residents began to talk about the need for a bank. At that time he disposed of his mills and organized the first bank in Escambia County, Bank of Brewton.
Bank of Brewton opened for business on Monday, January 7, 1889. Business was carried on in a building on West Saint Joseph Street. In 1912 Bank of Brewton moved out of the small building into a construction adjacent to the Lovelace Hotel. Still a part of the Bank today, the building has become one of Brewton’s landmarks, recognizable by its facade of imported, white tile decorated with a green border. The Standard Gauge
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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