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## Meeting Challenges and Creating Opportunities 

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Spencer was born in Loachapoka. His parents moved to Auburn before he was 3 years old. He was educated in the Auburn School system (a Lee county school at the time), graduated from Alabama Polytechnical Institute (now Auburn University), received a regular commission in the U. S. Air Force, and was Auburn’s first Fulbright Scholar. He attended Keele University in England, followed by two years with the 406th Fighter Inceptor Wing. 

Upon his return from England, Spencer joined his father’s Auburn business, E. L. Spencer Lumber Company. In typical fashion, he strengthened the core foundation while also expanding into Spencer Heating and Air Conditioning, Lee 

Electrical Supply, Auburn Millwork, construction and real estate. 

Spencer grew up on a farm and in 1980 he purchased his first ranch in the Sandhills of Nebraska. It has expanded into a sizable cow/calf operation. 

He also crossed over from bank consumer to manager when he joined AuburnBank’s board of directors in 1975 and was elected chairman in 1980. During his tenure, Spencer steered the bank from $25 million in assets to more than three quarters of a billion dollars in assets. In-store branches were started in Kroger and Wal-Mart, and full service, free-standing branches opened in Opelika, Notasulga, Hurtsboro and the Valley. 

