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Spring Lake became the name of the town around 1923 by Arthur Priddy who opened the Spring Lake service station in relation to the lake (Spring Lake Pond) that ran beside the rail line. Previously, the town was called "Clayton Cut," due to the pathway cut that ran through the area where the railroad later resided, and also "Prince's Siding," after a man named Prince who owned a sawmill on this land.
Spring Lake was officially incorporated on April 9, 1951. Grady Howard was named interim mayor on this date, and was officially elected the First Mayor of Spring Lake on June 5, 1951.
Spring Lake had a modern growth spurt, beginning in World War II is attributed to the proximity of Fort Bragg, North Carolina.
Throughout most of the 20th century, local financial services were provided to citizens of Spring Lake, Fayetteville, and Lumberton by Home Federal Savings and Loan Association. This long-time Fayetteville establishment was purchased by New South Bank in the 1990s, which later became First South Bank.
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