Wallace D. Malone, Jr. Bio

Mr. Malone has served as a trustee of Troy University. He has been recognized for his support to TROY in the form of two buildings that bear his name, one at the Troy Campus and another at the Dothan Campus.

Wallace D. Malone, Jr. was born in Dothan, Alabama on August 3, 1936. After graduating from Dothan High School, he pursued higher education at the University of Alabama, where he earned a B.S. degree in 1957. He continued his education at the University of Pennsylvania where he was awarded an MBA degree in 1960.

Mr. Malone returned to Dothan and joined his father at the family bank, First National Bank of Dothan, in 1959. Malone was named chairman and CEO in 1968 after his father's death. In 1972 Mr. Malone joined Guy Caffey, Jr., president of Birmingham Trust National Bank, to organized SouthTrust. Malone was named chairman and CEO in 1981 when Caffey retired. SouthTrust, now a Fortune 500 company and one of the top 20 banks in the U.S., expanded across the South. SouthTrust, headquartered in Birmingham, is a $38 billion regional holding company that operates SouthTrust Bank, N.A., with banking offices in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Texas 

Wallace D. Malone, Jr., is married to the former Ocllo Smith and he is the father of three children: Wallace Davis Malone III, Catherine D. Malone, and Alyson Davis Malone. He is a resident of Birmingham, where he is active in many religious, civic, cultural, and educational affairs.