During the Great Depression, the town of Mullins experienced their fair share of little confidence and even less money. Mullins’ primary source of income was the tobacco market and farmers who patronized local businesses. However, because no bank existed in town and no “big city” bank was interested in financing a small town tobacco market, the local economy faced a real dilemma. Without the help of a bank, not only might they lose their market, but several operators may also lose their homes and farms. Saving the tobacco market was essential to the vitality of Mullins and surrounding areas.
In 1933, Mr. Ernest Anderson and his brother, Mr. Bishop Bonar Anderson, responded to the needs of several tobacco warehousemen from Mullins who requested financial assistance. The two brothers established Anderson Brothers Bank in the back of the Anderson Warehouse in Mullins. This small office was used to loan money to warehousemen so they could issue checks to farmers immediately following the sale of tobacco. Warehouse loans were paid off as tobacco companies such as Reynolds, American and Imperial paid the warehouses several weeks later for the tobacco purchased. The small office evolved into a depository and eventually moved to Main Street, across from the Bank’s present main office in Mullins.
In the late 1930s, the brothers acquired the building where the main office is presently located.
Here, Bert Neal Anderson and Howard Anderson, sons of both brothers, became President in turn at the deaths of the brothers.
Today, under the leadership of Mr. Ernest Anderson’s grandsons, Anderson Brothers Bank remains family-owned and operated. David E. Anderson serves as President/CEO, joined by his brothers Neal, Chairman of the Board, and Tommy, Vice President. These heirs and their children are vitally interested in the bank and maintain it as a family-owned and operated bank.
Anderson Brothers Bank was opened in 1933 with the passion of helping families and businesses in the community. Today, our commitment to customers and communities remains unwavering and strong. Anderson Brothers Bank has built a reputation of helping individuals, families and businesses as they journey along life's path. Community banking isn't something to which we merely aspire - it's something we do, day in and day out. While big banks continue to acquire smaller banks, Anderson Brothers Bank remains family-owned, a place where employees know customers by name and business is often conducted on the strength of a handshake.