Having lived in Macon, GA for 10 years (I know that doesn't make me a "Magnolia," but nevertheless...) I can tell you that Wesleyan College places great emphasis on "class" loyalty, i.e., Freshman, Sophomore, etc. The classes compete & select colors, mascots, etc. Here's a link to their website re: Student Life.
P.S. I love the words on the first page of their website:
Can their be deep thought in the Deep South? We think so.
Student Life @ Wesleyan