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Jaynes, John Canfield "Jack"
John Canfield "Jack" Jaynes, 75, of Fountain Hills, Arizona died April 19, 2012 at home. Mr. Jaynes was born on March 5, 1937 in suburban Cleveland, Ohio. Following his graduation from high school, he enrolled in an Honors program in Psychology at Yale University. Jack interrupted his college work for two years of required military service, where, having declined an invitation to enroll in officer's candidate school, he graduated first in his class at Fort Sam Houston in San Antonio in the most rare specialty of Neuropsychiatric Medicine. He then served in a medical capacity with an aviation company in Germany. After completion of his undergraduate work, he earned a Jurist Doctor degree from The University of Michigan Law School. While in college he was a member of Chi Phi and Phi Delta Phi fraternities. In his early career, Jack engaged in generalized law practice, but specialized in Trusts and Estates law in both privately and as trust Counsel for a major Ohio bank. He later worked as a senior manager for all non-lending divisions of a Lansing, Michigan bank, where he developed a strong interest in investments. Finding that his investment counsel was being avidly sought, he further developed his skills and built an award-winning record for the performance of the bank's trust portfolios. During this period, Jack graduated with honors from The University of Wisconsin Graduate School of Banking. In 1981, Jack assumed the position of CEO of a Connecticut bank and shortly thereafter succeeded in introducing, over the objections of many bank regulators, the nation's first FDIC- insured bank money-market checking account, called Megacheck (which when it debuted paid an interest rate of 21.75%). With the success of that product and Jack's introduction of a commercial lending facility designed to put those deposits to work, he directed Connecticut's first conversion of a mutually-owned community bank into a publicly held, stock-owned full-service banking corporation. After many years of impacting the growth and development of banking in Connecticut through the introduction of unique financial products and innovations in the marketing of these products, Jack retired at age 55 and moved to Fountain Hills, Arizona, with his wife Elaine, also a banker. Some of Jack's activities outside of his work included service as a Big brother, board member of a general hospital, director of a municipal power company, court-appointed special advocate for children and caregiver at an assisted-living facility. His primary interests, however, remained in investments, participation in sports, and his family. Mr. Jaynes is survived by his wife, Elaine, originally of Connecticut, two sons, Matthew Jaynes of Fountain Hills and Marcus Jaynes of Portland, Maine, as well as three stepdaughters, Lisa Moore of Branford, FL, Cynthia Davis of Phoenix and Karen Ortega of Scottsdale and five grandchildren. Please visit www.hansenmortuary.com to place online condolences.
Published in The Arizona Republic on April 22, 2012
