Items from the estate of the late Paul "Billy" Eubanks will be sold in Panama City, Fla. July 26 Items from the estate of Paul H. (“Billy”) Eubanks – a prominent banker and accomplished woodworking craftsman – will be sold at an on-site auction planned for Saturday, July 26th, in Panama City, Fla
fern stands and a decorative plant cart on wheels.
Mr. Eubanks had a rich and interesting life. From childhood on, he had a strong work ethic and actually began working for pay at age 10. He sold bagged peanuts to shipyard workers, served sodas in a local drug store, delivered produce and worked in a hardware/lumber store. After two years of college he married the former Maedelle Smith and the couple relocated to Panama City.
There, Eubanks got into banking, working his way up from assistant manager to the President of First Federal Savings and Loan of Panama City. While attending a meeting of the Federal Home Loan Board in Washington, D.C., in the 1980s, he suggested the phrase “reverse mortgage” and he helped in the creation of Freddie Mae and Freddie Mac. He also met with George H. W. Bush.
Eubanks retired after 42 years in banking (including 10 years at Commercial Bank/Sun Trust). After retiring, he served as the business administrator for First Baptist Church, a job that he considered a calling. He was instrumental in building the church a sanctuary and parking garage.
The sale will get underway at 8 a.m. (CST), with a preview from 7-8 a.m. Previews will also be held the day or two prior to sale by appointment (to schedule, call The Specialists of the South at 850-785-2577). A 14 percent buyer’s premium will be applied to all purchases; all sales are final.
The Specialists of the South, Inc., has been serving the Panama City community for over 30 years. The firm specializes in a broad range of services, to include estate auctions, furniture refurbishing, interior decoration, personal property appraisals and business liquidation services. It has been named the Small Business of the Month by the Bay County Chamber of Commerce.
The Specialists of the South, Inc., is always accepting quality consignments for future sales. To consign an item, estate or collection, you may call them at (850) 785-2577, or you may e-mail them at email@example.com. To learn more, or to register for the July 26th Eubanks auction, you may log on to either site: www.SpecialistsoftheSouth.com or www.PanamaCityAuctions.com.