Lawrence C. Marshall

Lawrence Clark Marshall (April 13, 1904 – November 29, 1972)[1] was an American banker who served as president of the Bank of the Manhattan Company and, later, vice chairman of the Chase Manhattan Bank.

Early life

Marshall was born on April 13, 1904 in Orange, New Jersey, a son of Howard Marshall,[2] vice president of the Irving Trust Company in New York.[3] He graduated from Dartmouth College.[1]

Career

Marshall began his banking career in 1925 with the American Exchange National Bank in New York. In 1934, he moved to the United States Trust Company of New York before joining the Bank of the Manhattan Company in 1946. Two years later, in 1948, Marshall was appointed president of the Bank of the Manhattan Company to succeed F. Abott Goodhue.[4] He served in that role until 1955, when the bank merged with Chase National Bank.[5] After the merger, he served as executive vice president in charge of Chase Manhattan Bank's Metropolitan department until 1961. In that role, he supervised the bank's business operations in New York City at the head office and the branches. In 1961, he was named vice chairman of the board of directors, serving until his retirement in 1969.[1]

He was also a member of the investment advisory committee of the Commercial Union Insurance Company of New York, a director of the Grand Union Company, the Anaconda Company, the Moore & McCormack Company and the American-Hawaiian Steamship Company. He had also been a trustee of The Bank for Savings of New York,[6] Manhattan Eye, Ear and Throat Hospital, the New York University Bellevue Medical Center, and chairman of the New York Heart Association, and treasurer of the American University of Beirut.[1]

Personal life

In 1929, Marshall was married to Sylvia Hathaway Hitch (1906–1999),[7] a daughter of Allerton Delano Hitch of South Orange.[2] Together, they were the parents of two sons and a daughter:[1]

  • Allerton Delano Marshall (b. 1931), who married Patricia Ann Taussig, a daughter of Charles William Taussig, who was chairman and president of the Amerian Molasses Company,[8] in 1954.[9] They divorced and he later married Mary (née Markley) Pollard, a daughter of Max Markley, in 1987.[10]
  • Sylvia Lea Marshall (1937–2006), who married Roy Ferguson. She later married Alkema.[11]
  • David Lawrence Marshall (b. 1939).[12]

After a long illness, Marshall died at the Sarasota Memorial Hospital in Sarasota, Florida on November 29, 1972. After a memorial service at St. James' Episcopal Church at Madison Avenue and 71st Street,[1] he was buried at Saint Stephens Episcopal Cemetery in Millburn, New Jersey.

References
  1. "Lawrence Marshall Dies at 68; Former Chase Vice Chairman". The New York Times. 30 November 1972. Retrieved 27 August 2020.
  2. "MISS WINCHESTER TO WED ON APRIL 20; Will Become the Bride of Randolph Brandt Jr. in St.Bartholomew's.SEVERAL IN BRIDAL PARTY Reception at Sherry's to FollowCeremony--Elizabeth Rohr'sWedding Plans. Butler--Hirsch. Rohr--Aloe. Hitch--Marshall. Clark--Loeser". The New York Times. 6 March 1929. Retrieved 27 August 2020.
  3. "HOWARD MARSHALL, BANKER, DIES AT 60; Was Vice President of the Irving Trust Company of This City". The New York Times. 21 September 1930. Retrieved 27 August 2020.
  4. "New President Is Chosen By Bank of Manhattan". The New York Times. 15 December 1948. Retrieved 26 August 2020.
  5. Special To The New York Times (April 1, 1955). "Chase, Manhattan Banks 'Wed' With State's Blessing". The New York Times. ISSN 0362-4331. Retrieved January 15, 2017.
  6. "BANK FOR SAVINGS ELECTS; Lawrence C. Marshall Is Appointed a Trustee". The New York Times. 22 September 1956. Retrieved 27 August 2020.
  7. "Paid Notice: Deaths MARSHALL, SYLVIA HITCH". The New York Times. 10 January 1999. Retrieved 27 August 2020.
  8. "CHARLES W. TAUSSIG DIES, WAS 'BRAIN TRUST' MEMBER". The Brooklyn Daily Eagle. 11 May 1948. p. 9. Retrieved 27 August 2020.
  9. Times, Special to The New York (27 June 1954). "PATRICIA TAUSSIG LONG ISLAND BRIDE; Has 7 Attendants at Wedding in Islip Church to Allerton Delano Marshall". The New York Times. Retrieved 27 August 2020.
  10. "Mary Pollard Is Married". The New York Times. 2 August 1987. Retrieved 27 August 2020.
  11. "Sylvia Alkema". www.legacy.com. San Diego Union-Tribune. May 20, 2006. Retrieved 27 August 2020.
  12. "Son to Lawrence C. Marshalls". The New York Times. 14 March 1939. Retrieved 27 August 2020.
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