World Library  
Flag as Inappropriate
Email this Article

John McGillicuddy

The gravesite of John McGillicuddy
John Francis McGillicuddy (December 30, 1930 – January 4, 2009) was an American banking industry executive who oversaw the merger between Manufacturers Hanover Trust and Chemical Bank in the early 1990s.

McGillicuddy played football for Harrison High School and then attended Princeton University on a football scholarship, playing defensive back on the college's undefeated football teams in 1950 and 1951.[1][2] His roommate at Princeton was fellow football player Dick Kazmaier, who won the Heisman Trophy for 1951. John McGillicuddy later attended Harvard Law School and was hired by the law firm of Simpson Thacher & Bartlett after serving in the United States Navy.[2]

He was hired by Manufacturers Trust Company in 1958.[2] He was elected to serve as the bank's president in 1971 at age 40, making him one of the youngest people to run a major banking company, after his predecessor R. E. McNeil, Jr. announced that he would be stepping down.[1][2]

During New York City's fiscal crisis during the 1970s, McGillicuddy helped organize the financial aid needed to bail out the city. He later played a key role in the late 1970s in the

  • Journal News Obituary for John McGillicuddy

External links

  1. ^ a b Heinemann, H. Erich. "Personality:; 'New Kid' to Lead Manufacturers Hanover", The New York Times, July 5, 1970. Accessed January 8, 2009.
  2. ^ a b c d e f g h i Dash, Eric. "John F. McGillicuddy, 78, Banking Leader, Is Dead", The New York Times, January 6, 2009. Accessed January 8, 2009.
  3. ^ a b Quint, Michael. "The Bank Merger; BIG BANK MERGER TO JOIN CHEMICAL, MANUFACTURERS ", The New York Times, July 16, 1991. Accessed January 8, 2009. "Chemical Bank and Manufacturers Hanover, two of New York's biggest banks, announced plans yesterday for the largest bank merger in American history."


McGillicuddy died at age 78 on January 4, 2009 at his home in Harrison, New York due to complications from prostate cancer.[2] He is interred at Greenwood Union Cemetery.

McGillicuddy served on the boards of organizations and companies including the Boy Scouts of America, Kraft Foods, United Airlines and U.S. Steel.[2]

[2] The merger ushered in a wave of consolidation in the banking industry that continued with Chemical purchasing

[3], who had been the chairman of Chemical.Walter V. Shipley Following the merger, McGillicuddy became the chairman and chief executive of the combined institution, remaining with the bank until his retirement in 1993 when he was to be followed by [3][2]In 1991, as chairman and chief executive of Manufacturers Hanover, McGillicuddy was the chief architect of a merger with the Chemical Banking Corporation that was the largest bank merger in the United States to that time, helping both companies deal with difficulties arising from problem loans in previous years.

The John McGillicuddy Scoreboard at Harrison High School


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.