Troy Bank & Trust was organized September 5, 1906, with capital stock of $50, 000.00. Among the organizers and first directors were: Charles Henderson, W.C. Windham, and W.C. Black. The bank was first located on North Three Notch Street but moved in 1908 to 70 West Court Square. In 1926, it moved to the Northwest corner of the Square. In 1963, a new location was established at 300 North Three Notch Street and that remained the main office until 1992. At that time, the building became the Downtown branch and a new Main office building was constructed on US Highway 231 where it remains today. Troy Bank & Trust also has branches in the towns of Goshen, Ariton, Brundidge, Dothan, and Auburn. In July 2008 Troy Bank & Trust merged with The Peoples Bank of Coffee County, which created three new branches located in Elba, New Brockton, and Enterprise.
The first President of the bank was Governor Charles Henderson. He continued to serve as President until his death in 1937. Lane Enzor became President in 1937, followed by Corley Chapman, Sr., and James Fort. In June 1982, M. Douglas Mims became President and CEO. Gary Guthrie was named President and CEO in September, 1997. Following Mr. Guthrie's retirement, Jeff Kervin was named President & CEO in September 2010.
At the time of the organization of the bank, there were less than 20 stockholders. We now have 299 stockholders with the Charles Henderson Foundation owning over 51%.
Troy Bank & Trust has been serving communities for over a century. This dedication is evident in the actions and activities of all of Troy Bank's officers, directors and staff. As an independent bank, our customers can expect decisions about their loans and deposits to be made locally. In addition, Troy Bank & Trust is committed to the fair and equal treatment of all its current and potential customers. The same people that our customers know and trust will make the ultimate decisions about their financial needs.
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