Lawrence Clark Marshall (April 13, 1904 – November 29, 1972) was an American banker who served as president of the

Bank of the Manhattan Company The Manhattan Company was a New York bank and holding company established on September 1, 1799. The company merged with Chase National Bank in 1955 to form the Chase Manhattan Bank. It is the oldest of the predecessor institutions that eventua ...

and, later, vice chairman of the

Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding ...

Early life

Marshall was born on April 13, 1904, in

Orange, New Jersey The City of Orange (known simply as Orange) is a Township (New Jersey), township in Essex County, New Jersey, Essex County, in the U.S. state of New Jersey. As of the 2020 United States census, the township's population was 34,447, an increase o ...

, a son of Howard Marshall, vice president of the

Irving Trust Company The Irving Trust was an American commercial bank headquartered in New York City that operated between 1851 and 1988 when it was acquired by Bank of New York. From 1965, the bank was the principal subsidiary of the Irving Bank Corporation. Between ...

in New York. He graduated from

Dartmouth College Dartmouth College ( ) is a Private university, private Ivy League research university in Hanover, New Hampshire, United States. Established in 1769 by Eleazar Wheelock, Dartmouth is one of the nine colonial colleges chartered before the America ...

Career

Marshall began his banking career in 1925 with the

American Exchange National Bank American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, p ...

in New York. In 1934, he moved to the United States Trust Company of New York before joining the

in 1946. Two years later, in 1948, Marshall was appointed president of the Bank of the Manhattan Company to succeed F. Abott Goodhue. He served in that role until 1955, when the bank merged with

Chase National Bank JPMorgan Chase Bank, N.A., Trade name, doing business as Chase, is an American National bank (United States), national bank headquartered in New York City that constitutes the retail banking, consumer and commercial bank, commercial banking su ...

. After the merger, he served as executive vice president in charge of

'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. 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 Anaconda Company, also known historically as the Anaconda Gold and Silver Mining Company (1881–1891), Anaconda Mining Company (1891–1895), Anaconda Copper Mining Company (1895–1899), Amalgamated Copper Company (1899–1915), and Anacon ...

, the Moore & McCormack Company and the

American-Hawaiian Steamship Company The American-Hawaiian Steamship Company was founded in 1899 to carry cargoes of sugar from Hawaii to the United States and manufactured goods back to Hawaii. Brothers-in-law George Dearborn and Lewis Henry Lapham were the key players in the found ...

. He had also been a trustee of The Bank for Savings of New York,

Manhattan Eye, Ear and Throat Hospital Manhattan Eye, Ear and Throat Hospital (MEETH) is a specialty hospital in New York City that was founded in 1869 and is currently located on the Upper East Side of Manhattan at 210 East 64th Street (between 2nd and 3rd Avenues). In 2000, after 13 ...

, the

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

Bellevue Medical Center Bellevue Medical Center (, BMC) founded in July 2009, is a community hospital located in El Mansouria, Lebanon, Mansourieh, Lebanon. It offers healthcare services in many specialties. It has a capacity of 130 beds within its eight floors. Bellevu ...

, and chairman of the

New York Heart Association The New York Heart Association (NYHA) Functional Classification provides a simple way of classifying the extent of heart failure. It places patients in one of four categories based on how much they are limited during physical activity; the limitati ...

, and treasurer of the

American University of Beirut The American University of Beirut (AUB; ) is a private, non-sectarian, and independent university chartered in New York with its main campus in Beirut, Lebanon. AUB is governed by a private, autonomous board of trustees and offers programs le ...

Personal life

In 1929, Marshall was married to Sylvia Hathaway Hitch (1906–1999), a daughter of Allerton Delano Hitch of South Orange. Together, they were the parents of two sons and a daughter: * Allerton Delano Marshall (b. 1931), who married Patricia Ann Taussig, a daughter of Charles William Taussig, who was chairman and president of the American Molasses Company, in 1954. They divorced and he later married Mary (née Markley) Pollard, a daughter of Max Markley, in 1987. * Sylvia Lea Marshall (1937–2006), who married Roy Ferguson. She later married Alkema. * David Lawrence Marshall (b. 1939). He married Lucy Haldane Smith in 1961 and later Lynette Lalond Hembre in 1999 After a long illness, Marshall died at the

Sarasota Memorial Hospital Sarasota Memorial Hospital (SMH) is a publicly owned 901-bed health care facility located in Sarasota, Florida. It was founded in 1925. The health care facility is a level II trauma center and the flagship facility of the Sarasota Memorial Health ...

Sarasota, Florida Sarasota () is a city in and the county seat of Sarasota County, Florida, United States. It is located in Southwest Florida, the southern end of the Tampa Bay area, and north of Fort Myers, Florida, Fort Myers and Punta Gorda, Florida, Punta Gord ...

, on November 29, 1972. After a memorial service at St. James' Episcopal Church at

Madison Avenue Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, New York, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Stree ...

and 71st Street, he was buried at Saint Stephens Episcopal Cemetery in

Millburn, New Jersey Millburn is a suburban Township (New Jersey), township in southwestern Essex County, New Jersey, Essex County, within the U.S. state of New Jersey, and part of the New York metropolitan area. As of the 2020 United States census, the township's ...

References

External links

* {{DEFAULTSORT:Marshall, Lawrence C. 1904 births 1972 deaths People from Orange, New Jersey American bankers Dartmouth College alumni