Michael B. Clark
Michael B. Clark, a native of Dayton, Ohio, and resident of Wilmington, DE, passed away peacefully in the presence of family and friends after a short illness.
Clark spent the majority of his career in the precious metals business. He started his 30+ year career with Deak-Perera (Washington, DC) and was a member of the executive team at the Wilmington Trust. In 1998, he co-founded FideliTrade Incorporated a precious metals trading and sales company based in Wilmington. In 2005, he founded Solidus Associates, LLC.
During his career, Clark served as president of Delaware Depository Service Company, LLC (DDSC) and chairman of the Industry Council for Tangible Assets (ICTA), a Washington DC-based precious metals trade association, where he remained a lifetime board member. In 2008, the ICTA awarded Clark its first "Chairman's Award" at its 25th anniversary celebration in Baltimore.
Clark also served on the Precious Metals Advisory Committee of the New York Mercantile Exchange. Most recently, Mr. Clark established both Diamond State Depository, LLC, located in New Castle Delaware, and International Depository Services of Canada, LLC. At the time of his death, Clark was the President of Diamond State Depository.
Clark graduated from the U.S. Naval Academy in Annapolis, Maryland in 1969, where he played football and was captain of the 1968 Navy football team - he still holds the record for the most pass receptions ever made in an Army-Navy Game (10). Clark earned a Master of Science Degree in Aeronautical Systems Engineering at the University of West Florida, and served in the U.S. Navy
as a test pilot and naval aviator until 1980. He graduated from the U.S. Naval Test Pilot School in 1975 and later served in the Naval Reserve where he achieved the rank of Commander.
An active member of the Wilmington community, Clark served on the board of directors of West End Neighborhood House in Wilmington, and served as chairman of West End's Bright Spot Ventures, the for profit enterprise of West End's "Lifelines" Program helping "aged-out" foster care children. He also served as a member of the Board of the New Castle County Police Athletic League in the 1980s.
Clark is survived by his wife, Lisa Quadrini, his brother, Louis Clark III (Sally), his sister, Karen Clark.
A Mass of Christian Burial will be celebrated at St. Joseph's on the Brandywine Church, 10 Old Church Road, Greenville, DE 19807 on Tuesday, August 6, at 10:30 am. Burial will follow in the adjoining Church Cemetery.
In lieu of flowers, contributions may be made to:
Naval Academy Memorial Scholarship Fund for CDR Michael B. Clark, USN '69 Memorial Scholarship
Mail to: USNA Foundation A&SP, c/o CAPT Ed Wallace, 25 Maryland Avenue, Annapolis, MD 21401 OR West End Neighborhood House - Reflections Program, 710 N. Lincoln Street, Wilmington, DE 19805.