The Bank of Camilla was established more than 125 years ago as the first bank in Mitchell County. The bank was chartered on November 4, 1889, and began business on January 2, 1890, in the first brick building in Camilla, known for many years as "Bennett Hall."
The founding fathers and first directors of the bank were T. R. Bennett, Sr.; M. F. Brimberry; D. K. Butler; J. B. Acree; J. C. Turner and W. N. Spence with T. R. Bennett, Sr., as its first President. Other presidents have been Capt. J. P. Heath; T. R. Bennett, Jr. (later became first Superintendent of Banking in Georgia); W. L. Butler; J. L. Palmer; Joe Wheeler Butler; J. B. Lewis; J. E. Brooks, Sr.; W. W. Brooks; Raymond T. Muggridge, Jr.; Ray T. Muggridge, III; and David E. Wright (present).
Current directors are Ray T. Muggridge, III, Chairman of the Board; E. Butler McDonald; Donald E. Shirah; Janet Butler Stallings; Melanie M. Kemp; David E. Wright; Lanair Worsham; and Robert Lee Bostick.
Current officers are Ray T. Muggridge, III, Chairman of the Board; David E. Wright, Chief Executive Officer and President; Warren H. Marchant, Vice President and Senior Credit Officer; Michael McGahee, Vice President and Loan Officer; James I McKenzie, III, Vice President and Loan Officer; Josh McGalliard, Assistant Vice President and Loan Officer; Martha Jane Bullard, Chief Financial Officer and Bank Secretary; Teresa Edwards, Computer Information Officer; Kristy Suber, Compliance Officer and BSA Officer; and Macie Rackley, Information Security Officer.
Deposits in 1916 were approximately $150, 000.00 and in 1934, they were $202, 840.00. By 1950, they had passed the million dollar mark. In March, 1953, the bank came under the FDIC protection. At the time of our move to our present location, assets totaled $7.3 million. The Statement of Condition for June 2021 reported assets of $132.2 million.
The Oldest Bank in Mitchell County takes pride in being known as "The Friendly Bank" and in fulfilling its commitment to provide a superior service to our customers and our community at this time and for many years to come.
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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NMLS 1795154