PAB Bankshares Inc. in Valdosta, Ga., announced Tuesday that James Lovett Dewar Sr., the founder of its subsidiary bank, died Saturday after a long illness. He was 94.
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A former teacher, coach, principal, and school superintendent, Mr. Dewar started his banking career by founding Park Avenue Bank in 1956. Its holding company went public in 1996 and now has more than $1 billion of assets and 17 branches, in Georgia and Florida.
Mr. Dewar owned just under 12% of PAB's stock. His son, James L. Dewar Jr., will have voting authority over those shares.
Aside from his son, Mr. Dewar leaves his wife of 70 years, Dorothy, two grandchildren, and two great-grandchildren.
