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First Savings and Loan Association

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First Savings and Loan Association

History:

Mebane's First Savings and Loan, known then as Mebane Home Builders' Association, opened its' doors in 1909. The first home of the Association was a small corner inside the Reliable Home Furniture Company Building. The institution was charted by local businessmen for the purpose of offering a safe place for members to save funds and earn interest on their money.

Having survived the Great Depression of the 1930's, the Association began to grow with the housing demands following World War II. In 1948, the Association officially changed its' name to First Savings and Loan Association, a requirement for deposits to become F.S.L.I.C. insured. A milestone was reached in 1952 as assets

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