Clapp retires from Peachtree BankBy Emily Beckett Published 5:02pm Friday, July 5, 2013
Clem Clapp, executive vice president of Peachtree Bank, retired Wednesday after 30 years of service to the bank his grandfather helped start in 1919.
Clapp, 61, of Maplesville will remain on the bank’s board of directors with his older brother, Harvey Clapp, who retired as president in 2012.
“My dad was the president here for a number of years, and both my parents were directors,” Clapp said. “We always had a family interest in the bank.”
Clem Clapp started working at the bank, originally named Bank of Maplesville, in the 1960s when he was in high school.
“I used to run the drive-through window part-time,” Clapp said. “I ran the first drive-through window in the county.
“That was a new wave back then,” he said. “They put it in and then just about wore it out. It was a great addition to the bank.”
Clapp’s jobs at the bank ran the gamut from teller to loan officer, ending this year with executive vice president.
Clapp’s father, the late Ed Clapp, was the president from the early 1950s to the early 1980s.
After Ed Clapp resigned, Harvey Clapp served as president until he resigned in October 2012, and Darren Wilson was elected as the new president of Peachtree Bank.
According to Clem Clapp, the bank’s name changed from Bank of Maplesville to Peachtree Bank about 20 years ago when it expanded to include a branch in Clanton.
In January 2010, then-president Harvey Clapp announced that Peachtree Bank and its affiliates, Bank of Upson in Thomaston, Ga.; Bank of Chickamauga in Chickamauga, Ga.; and First National Bank of Polk County in Cedartown, Ga. would make application with the F.D.I.C. and the Georgia Department of Banking and Finance to restructure the company by combining the four bank charters into one single charter.
Clapp said once approved, the consolidation of bank charters would streamline Peachtree Bank’s operations and simplify its regulatory burden by reducing the number of regulatory agencies to whom it reports.
Local management and boards did not change, nor was ownership affected by the change.
Since then, the bank has continued operating under the name Peachtree Bank, a division of Southcrest Bank.
Peachtree Bank has been a member of the SouthCrest Financial Group family of banks since 2006.
Clem Clapp said he has always worked at the Maplesville location and his vacated position has not yet been filled.
“We’ve got a great customer base and super folks that work with us both here and in Clanton,” Clapp said. “You really couldn’t look around and find a better group of folks to work with. They know how to work and know how to laugh. That’s what I’ll miss the most.”
Clapp and his wife, Diane, enjoy working outside on their family farm in Maplesville, traveling to other states and countries and scuba diving in the Caribbean.
Clapp said he is the last member of his immediate family to hold a full-time position at the bank.
“Everything comes to an end,” he said. “It’s been a good ride.”