Maximilian Bethune Wellborn was the first chairman of the board and a governor of the Federal Reserve Bank of Atlanta.
11 Facts About Max Wellborn
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Max Wellborn served as a county commissioner and state senator from Calhoun County, Alabama.
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Max Wellborn's family had longtime roots in Eufaula, Alabama and Charleston, South Carolina.
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Max Wellborn was born during the American Civil War in Arkansas and reared in Eufaula.
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Max Wellborn learned to be a banker from experience and as the first bank he started became successful, he not only expanded his efforts in the banking business and becoming the longtime chairman of the First National Bank of Anniston, but he entered the railroad, real estate, and insurance businesses as well.
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President Woodrow Wilson appointed Max Wellborn to be the first chairman of the Atlanta Federal Reserve bank.
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Max Wellborn served in this capacity until 1919 when he accepted the appointment of governor of the bank, a position he held until 1927 when he retired.
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Woodrow Wilson 8.
Max Wellborn returned to Alabama from Atlanta in 1928, retiring to his farm outside of Anniston.
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Max Wellborn served until 1937 when he did not seek re-election.
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Max Wellborn's family had long be involved in public service.
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Max Wellborn was a student of his heritage and presented many of his family papers to Auburn University, including those of naval hero Commodore John H Dent, his great grandfather.