Six Generations of Banking in Summit
First Bank President Jim Covington explains a display of the history of banking in Summit during Open House at First Bank's Summit Branch during the Sesquicentennal celebration. Bank Vice President Vicki Webb looks on as Magnolia Gazette reporter Donna DeLee takes notes during an interview at the bank. Covington, a Society member, prepared an extensive report on the history of banking in Summit which was included in the history book published by the Summit Historical Society. The report details the various banks that operated in Summit over the year, how they were capitalized, the stock ownership, etc.
Friends Gather
During the Open House cake, punch and other refreshments were served to visitors in the break room in the back. Retiree Hudora Cain Lewman is shown visiting with Lee Ballantine during a break in traffic. Bank customers, board members and townspeople alike took advantage of the bank's hospitality during the Open House. To view additional Photos of the First Bank Open House click here.
Interesting Fact: The Progressive Bank Building in downtown Summit is the only building in Summit currently listed on the National Register of Historic Places.
Summit's Banks
Bank of Summit
Started in 1889 by Sol Hyman & Alfred Hiller
The Peoples Bank
Started in 1892 by Clinton Atkinson & Julius Moyse
Today's Bank
Progressive National Bank
Started in 1913 by B. Forscheimer, J.B. Enos, & J.T. Covington
First Bank
Progressive Bank absorbed into successor First Bank when operations moved to McComb in late 1960s - still owned by Covington family