Lexington County icon Raymond Caughman passes away at age 92
Lexington, SC (Paul Kirby) – Mr. Raymond Caughman, one of Lexington’s most well-known and prominent citizens, passed away Thursday. He had turned 92 in January of this year. In his lifetime, he impacted countless people through his work in banking, education, and philanthropy.
Caughman was one of ten children. He has a twin brother Hampton “Hamp” Caughman who is still going at 92 years old. Caughman served in the United States Army after graduating Lexington schools in 1944. After his service, he returned to Lexington County where he immediately went to work in the banking industry. He first worked for the Bank of Lexington in a time when many accounts and loans were measured in sums of a few hundred dollars and the average cost of a family’s home was less than $3,500. Later, the Bank of Lexington merged with the First National Bank of SC. In 1966, Caughman left First National to help organize and become the first president and chief executive officer of the Lexington State Bank.
Lexington State Bank grew from a sleepy small-town bank headquartered in Lexington through acquisitions and mergers under Caughman’s leadership. In 1993, the Lexington State Bank acquired The Dorn Banking Company of McCormick, SC. Several years later, they also took in The Community Bank of South Carolina located in Varnville, SC and later merged into and operated as part of Branch Banking and Trust Company of SC of Greenville, SC. Through all this growth, Caughman held a major role in leading the bank and impacting the community.
Caughman was a member, and often served as an officer, of most community organizations in Lexington. He loved his family, his church, and people in general. He was elected to the board of Lexington County School District One in 1967 and served with distinction until 1972. He was also an adjunct professor at the University of South Carolina’s College of Business Administration. He was the first recipient of the "Heart of Lexington One" award from the Lexington School District One Educational Foundation. The first event for that foundation held in his honor raised nearly $100,000 that was used to upgrade media centers. Caughman contributed his time, talent, and financial resources to many needy and worthwhile causes.
In his lifetime, he received countless awards. In 2008, he was recognized by the SC Legislature with a continuing resolution in both houses commending him for his contribution to the people of the county. This was done after the Heart of Lexington One presentation.
He was married and devoted to his loving wife Lib. Together the couple raised three children and many grandchildren.
Details of his funeral and memorial are still being finalized but it is expected to be held this Sunday.