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John F. McGillicuddy, the former Chairman and Chief Executive Officer of Chemical Bank, and its predecessor, Manufacturers Hanover Corporation, died on January 4, 2009 at his home in Harrison, New York. He was 78 years old. One of the leading bankers of his generation, Mr. McGillicuddy played a pivotal role in providing financial assistance to New York City during its fiscal crisis in the 1970s, as well as spearheading the effort to provide public and private lending for Chrysler's successful turnaround in the 1980s. He was instrumental in expanding the financial reach of the U.S. banking system into international markets, as well as the effort to transform commercial banks into a more modern, diversified financial model. Mr. McGillicuddy also was in the forefront of leading the country's banks into an era of consolidation, with fewer, larger institutions, that continues to this day. A native of Harrison, New York, Mr. McGillicuddy graduated from Harrison High School in 1948. He received his A.B. degree, cum laude, from Princeton University in 1952, during which time he played on Princeton's celebrated 1950 and 1951 undefeated football teams with his roommate and Heisman Trophy winner, Dick Kazmaier. Mr. McGillicuddy received his law degree from Harvard Law School in 1955. After serving on active duty with the U.S. Navy with the rank of Lieutenant, he practiced briefly as an attorney with the New York City law firm of Simpson Thacher & Bartlett before beginning his banking career with Manufacturers Trust Company in 1958. In 1971, at the age of 40, Mr. McGillicuddy was elected President of Manufacturer's Hanover Corporation and Manufacturer's Hanover Trust Company - one of the youngest executives in the history of the American financial industry to run a major money center bank. Eight years later, he was named Chairman and Chief Executive Officer of both organizations. In 1991, Mr. McGillicuddy helped engineer the merger of Manufacturers Hanover Corporation with Chemical Banking Corporation. Mr. McGillicuddy served as Chairman and Chief Executive Officer of Chemical Bank from 1991 - 1993, after which, he retired to pursue various business and charitable endeavors. Throughout his career, Mr. McGillicuddy was one of the most active and respected business leaders in the United States. He served as a Director on the Boards of U.S. Steel Corporation; Kraft, Inc.; AMF Incorporated; The Continental Corporation; United Airlines Corporation; The Reynolds Metal Company; Westinghouse Electric Corporation; Empire Blue Cross &. Blue Shield; Cities Service Company; Kelso & Company; Hunter Roberts Construction Group; and Young & Rubicam, Inc., among other companies. He advised two Presidents, Ronald W. Reagan and George H.W. Bush, on a variety of financial and monetary policy issues. Mr. McGillicuddy maintained a lifelong commitment to numerous civic, charitable, educational and. religious causes. He served as Honorary Trustee of The New York Public Library; Trustee Emeritus of Princeton University; Chairman Emeritus of New York-Presbyterian Foundation, Inc.; Chairman Emeritus and Life Trustee of New York-Presbyterian Hospital; Member of the Board of Overseers of the Joan and Sanford I. Weill Medical College and Graduate School of Medical Sciences of Cornell University; President of the Boy Scouts of America, Greater New York Councils; Life Member of The Salvation Army of Greater New York's Advisory Board; Director Emeritus of The National Football Foundation and College Football Hall of Fame; Trustee of the Inner-City Scholarship Fund; Director of the Alfred E. Smith Memorial Foundation; and Member of the Finance Council of the Archdiocese of New York. Mr. McGillicuddy also received accolades from various colleges and universities. He held honorary degrees from College of the Holy Cross; St John's University; Pace University; lona College; College of New Rochelle; Bryant College; St. Bonaventure University; St. Francis College; and University College of Galway, Ireland. Mr. McGillicuddy was an accomplished athlete, who followed sports throughout his life. An avid and competitive golfer, he held memberships at Westchester Country Club; Blind Brook Club; Augusta National Golf Club; Pine Valley Golf Club; Seminole Golf Club; Lost Tree Club; and Laurel Valley Golf Club. He was a guiding force in the sponsorship and expansion of the Westchester Classic, a PGA Tour event that, raised millions of dollars for local charities and hospitals. McGillicuddy was married for over 50 years to the former Constance Burtis of Harrison, New York. They resided in Harrison. Along with his wife, he is survived by their five children: Michael Sean McGillicuddy, of Astoria; Faith Burtis Benoit, of Rye; Constance Erin Mills, of New Canaan, Connecticut; Brian Munro McGillicuddy, of Harrison; and John Walsh McGillicuddy, of Harrison. He is also survived by his sister, Mary Jean O'Connell, of Harrison, and six grandchildren. The family will receive friends at the Graham Funeral Home on Wednesday from 2-9 PM. A Mass of Christian Burial will be celebrated at Resurrection Church on Thursday at 10 AM. In lieu of flowers contributions may be made in his memory to Prostate Cancer Research, New York Presbyterian Hospital, 525 East 68th Street, Box 123, New York, NY 10065 GRAHAM FUNERAL HOME 1036 Boston Post Road Rye, 914-967-0129

Published in the on Jan. 7, 2009
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