Bill Rakes

Bill Rakes of Smith Mountain Lake, VA, formerly of Roanoke and Salem, VA, went to his heavenly home on Thursday, November 16, 2023.

Bill’s career in the banking industry spanned 42 years including working his way from teller to bank president and CEO of Southwest Virginia Savings Bank. After retirement, he continued as Chairman of the Board of FNB Bank.

Bill was preceded in death by parents Alfred P. and Annie G. Rakes, sister and brother-in-law Nelda and Willard King; brother Hubert Rakes; sisters Joyce Rakes and Shelby Jean Rakes; and great-granddaughter Kaylyn Perdue Thrush.

Bill’s memory will live in the hearts of his beloved wife of 70 years, Georgie Rakes; daughter and son-in-law Teresa and David Schoonover; son and daughter-in-law Gary (Butch) and Deborah Rakes; sister Linda Battle, sister and brother-in-law Carolyn and LD Adkins; sister-in-law Evelyn Rakes; grandchildren Shawn and Cheryl Rakes, Christina and Travis Perdue, Chelsea Rakes, and Casey and Marc Haren. He also has many great-grandchildren, nieces, nephews, friends, and associates.

Memorial donations may be made to the Alzheimer’s Association.

The family will receive visitors on Friday, November 24, 2023, from 5:00 PM to 7:00 PM at Lotz Funeral Home in Salem, VA. The funeral service will be on Saturday, November 25, 2023, beginning at 11:00 AM followed by a graveside service with military honors at Sherwood Memorial Gardens.

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