Alabama Academy of Honor

Kench Lee Lott, Jr.

The following biographical sketch was compiled at the time of induction into the Academy in 1980.

Kench Lee Lott, Jr., a Mobile banker, was the son of Kench Lee and Clara Mae (King) Lott, born February 3, 1920, in Selma. Upon graduating from public school he attended Alabama Polytechnic Institute, now Auburn University, where he was affiliated with the Sigma Nu Social Fraternity, and the honorary organizations of Delta Sigma Pi, Blue Key, Omicron Delta Kappa, Phi Kappa Pi, and Scabbard & Blade. He received his B.S. degree in Commerce in 1941.

His military service included three years as a captain in the 29th Division Field Artillery, U. S. Army from 1941 to 1946. He was awarded the Purple Heart and the Bronze Star. After World War II he received his M. B. A. Degree from the Wharton School of Finance & Commerce, University of Pennsylvania in 1947; later he graduated from the Stonier Graduate School of Banking, Rutgers University in 1954, and the Graduate School of Credit and Financial Management, Dartmouth College in 1962.

In 1947 Mr. Lott joined the Second National Bank of Houston, Texas, and in 1948 began his association with the Merchants National Bank of Mobile as Assistant Manager in the Foreign Department. He became assistant vice president in 1953, and step by step advanced to vice president in 1957, then senior vice president in 1965, executive vice president and director in 1968, president in 1972, president and Chief Executive Officer in 1976, and chairman and Chief Executive Officer in 1978. Mr. Lott was elected in 1974 as Vice Chairman of the Board of Southland Bancorporations, and in 1978 began serving as Chairman, President, and Chief Executive Officer of that institution.

In his professional life he held membership and major offices in the Associated Industries of Alabama, the Newcomen Society of North America, the American Bankers Association, the Alabama Bankers Association, the Robert Morris Associates and representative to the Bankers Association for Foreign Trade. He has published articles on banking appearing in professional periodicals, for example, "Secured Lending" section of the Bankers Handbook as a contributing editor.

Mr. Lott was associated in various corporate interests which included directorships in the Grand Hotel Company, Point Clear; Oppenheimer International Corporation, Mobile; Dravo Corporation, Pittsburgh, Pennsylvania, and National Health & Welfare Trustee of the Mutual Life Insurance Association, New York City.

Some of the educational, social and civic interests in which Mr. Lott was associated as a member and officer are the Senior Bowl Committee and Mobile Arts and Sports Association, the Providence Hospital's Associate Board, the United Fund of Mobile County, the Boy's Club of Mobile, the Lurleen B. Wallace Memorial Cancer Hospital, Spring Hill College, the Alabama Commission on Higher Education, University of South Alabama's School of Business, S.D. Bishop State Junior College, the Mobile County Foundation, the Fine Arts Museum of the South, the Industrial Development Board of Mobile, the Seaman's Club of Mobile, the Mayor's Disaster Relief Fund, the Mobile Center City Development Authority, the Auburn University National Alumni Association, the Auburn University Research Foundation, the Mobile Area Chamber of Commerce, the International Trade Club, the Mobile Public Library, the Boy Scouts of America, Downtown Mobile Unlimited, the Propeller Club, the Isle Dauphine Club, Honorary Fellows of Mobile (Baptist) College, the faculty of the Louisiana State University's School of Banking of the South, Goodwill Industries of Mobile, the Mobile Kiwanis Club, the Athelstan Club, the Country Club of Mobile and the Lakewood Golf Club.

Mr. Lott was a communicant of the Saint Paul's Episcopal Church. He has three daughters: Mrs. Barbara Ann Hannan, Mrs. Betsy Wright Poole and Mrs. Claire Marie Weathers. He is now deceased.