CARMEL, CA – Jack R. Morley, 87, who was chairman of FinanceAmerica Corp., formerly a wholly owned subsidiary of Bank of America Corp., and who led many of the bank's businesses, then served as Northern California Presbyterian Homes & Services chairman, has died. He passed away at Community Hospital of Monterey Peninsula, of pneumonia and leukemia, October 17, 2013. |
Morley joined Bank of America in 1948, becoming its youngest manager at 29. In 1960, he joined the National Division, advancing as vice president, corporate finance.
In 1964, Morley became president of the new Heritage National Bank, Westwood, CA. He led acquisition of Wilshire Bank, forming Heritage Wilshire National Bank, and acquisition by First National Bank of San Diego, later Southern California First National Bank.
Morley returned to Bank of America as vice president, heading the Southern California office of its Small Business Enterprises Co., in 1969, and later as senior vice president, BA Mortgage Co., San Francisco. He led acquisition of 13 subsidiaries, including GAC Finance, renamed FinanceAmerica, which he helmed for three years. In 1979, Morley became president /CEO of BA Insurance Co. and BA Insurance Agency, retiring in 1983.
He served Northern California Presbyterian Homes & Services 16 years, including as treasurer and chairman.
Born in Kansas City, MO, raised in San Marino, CA, Morley graduated from South Pasadena High School, competing on the track and basketball teams. He is in the South Pasadena High School Hall of Fame. In World War II, he was in the U.S. Navy V-12 officer training program and Navy ROTC. He earned bachelor's degrees in engineering and business from the University of Southern California (USC) in 1945 and 1947, respectively.
Morley played basketball and ran track for USC, and he was Phi Kappa Psi Fraternity president. He was a Navy officer in the Pacific, before gaining a master's degree in business administration from USC in 1949.
Morley was active in the California Institute for Cancer Research and American Red Cross, as a lay leader in the San Marino Community Church and First Presbyterian Church of Monterey, and an elder at First Presbyterian Church of Burlingame. He previously lived in Hillsborough, CA. His parents were Fred and Grace (Morgan) Morley.
Morley, married for 63 years to Dona Morley (nee Hickman), had four children: Cathy Morley Foster (Scott, deceased 2007), Bob Morley (Peggy), Judith Callen (Chris), John Morley (Alma); 11 grandchildren; and one great-granddaughter. He also leaves his brother, Sam Morley (Toni), and five nephews.
Services are at First Presbyterian Church of Monterey on November 9, 2013 at 12:00 p.m. Donations may be made to Leukemia & Lymphoma Society, Alzheimer's Foundation, First Presbyterian Church of Monterey, and First Presbyterian Church of Burlingame.
Published in The Monterey Herald on Nov. 2, 2013