As Shelby County Trustee, David Lenoir is the banker for the county.
Career Day at Peabody Elementary School with David Lenoir
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David Lenoir thought it was “comical” when a friend suggested that he campaign for the Shelby County Trustee position in 2010.
However, he began to ponder the suggestion seriously after realizing that the position involved banking and accounting — two areas he was well established in.
“When I was approached to run for office it was the furthest thing in my mind at the time,” he says. “I wasn’t that politically active, I didn’t work on campaigns. I wasn’t an activist by any stretch of imagination. But when I looked into the position and saw that it was the banker for the county, I got that immediately.”
After putting in countless hours of footwork, Lenoir, a Shelby County native, was elected to serve a four-year term as county trustee in August 2010.
The primary obligation of the job involves collecting and managing the money of taxpayers and utilizing them properly throughout the county. Considering Lenoir holds a bachelor’s degree in accounting from the University of Alabama and has worked in accounting and financial services for more than 20 years through firms such as First Mercantile Trust Company, National Bank of Commerce, and Wachovia Securities, the duties haven’t been too much for him to juggle.
“With me wanting to get more involved with the community, being the banker for Shelby County was a great fit,” Lenoir says. “I had a good career professionally and had a desire to get more involved into the community. I love numbers and money and accounting and banking.”
Though he earned an accounting degree at Alabama, it was football that took him there. He received a football scholarship from the school on the way to becoming a Freshman All-SEC Defensive End and a three-year letterman.
Brought up in what he considers “an upper-middle-class household in East Memphis,” Lenoir found himself wanting to help others less fortunate than he was. Before becoming county trustee, he did so as a volunteer football coach for two years at Manassas High School, running the defense for coach Bill Courtney (though this was prior to the making of the film Undefeated.) He credits his time there as one of his motivations to become county trustee and also help educate those in low-income communities who are unaware of basic budgeting and overall financial education and literacy.
“When you look at the Shelby County community and see that 25 percent of our population live in poverty, it’s extremely bothersome,” Lenoir, a husband and father of two sons, says. “And particularly for someone who’s had a successful professional career and is involved in the world of banking and finance, what can I do to help move the dial and change poverty in Shelby County? You throw all that in a blender and say, The banker for Shelby County could be a great platform to address the financial condition of Shelby County, and that’s what I’ve tried to do.”
As trustee, Lenoir has addressed the county’s financial condition by assisting in the implementation of Project H.O.M.E., which addresses the foreclosure crisis with financial literacy workshops; property tax relief and assistance for low-income seniors, disabled taxpayers, and veterans; and helping individuals set up no-cost or low-cost bank accounts.
Through the monthly gatherings, delinquent taxpayers are taught about budgeting and provided the opportunity to prepare a spending plan to pay off their overdue property taxes, which hinders their property from being sold.