The 2nd bank in Magnolia, the Columbia County Bank, was organized in May 1892. The bank made loans to local merchants, which allowed local businesses to move from a barter system to a credit system with local farmers. Now with credit, the merchants borrowed from the bank and bought supplies. During the year the farmers sold their crop and were paid, they then paid the merchants and the merchants paid the bank. Then the cycle would start again. This cycle was another boost to the Magnolia economy and is significant in making the downtown area of Magnolia a Commercial Historic District.
Columbia County Bank was located on the square at 105 South Court Square in 1908.
The Loft building has housed multiple businesses from banking, to dentistry, a merchantile, office suites, musical learning and arts clubs and many more. Our history is rich and our future is bright! We are excited to welcome Maggie's downstairs. Maggie's will provide homemade ice cream, cupcakes, and other delicious treats in a family friendly atmosphere all with ample room for private celebrations and meetings. Follow www.sweetmaggies.com for new news on this adventure.