Ray Martin
1935 - 2021
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Ray Martin was a man who, without a college education, rose from the ranks of teller to CEO during his 40-year career with Coast Federal Savings and Loan (later Coast Federal Bank). Coast employees spoke about the Coast "family", largely due to Ray's leadership. One of his competitors said of him, "Ray is not a grandstander, but rather a thoughtful and sincere individual who likes to give credit to the people around him." It is with a great sense of loss that the family announces his passing in the early hours of January 31 with his four children and loving wife Diana at his bedside, after an almost 5 year battle with cancer. Ray was born in Nogales, Arizona but spent much of his youth and adult years with wonderful friends in San Pedro before moving to the Palos Verdes Peninsula. He was an active participant in fundraising for the then San Pedro Community Hospital. He also co-chaired the major fundraising drive for Toberman Settlement House (Toberman Neighborhood Center) in San Pedro. Ray himself was a "Toberman kid" who benefitted from some of its programs. After moving, his philanthropy extended to the Palos Verdes Performing Arts Center (Norris Theater), where he and wife Diana made lasting friendships, the Palos Verdes Art Center, the Peninsula Library, and The South Bay Volunteer Center. Ray loved golf, mainly because of the camaraderie and USC football, especially the Pete Carroll years-his four children were Trojans. His greatest loves were his wife, children and grandchildren. He had recently rejoined the San Pedro Elks Lodge, hoping to rekindle old relationships after spending much time in the desert. His happiest times were when he was surrounded by family during holidays and special events. Ray belonged to many professional associations and received numerous civic honors, including L. A. Chamber of Commerce Distinguished Business Leader, Toberman Humanitarian Award, San Pedro Boys and Girls Club Lifetime Achievement Award, National Conference of Christians and Jews Award. He served as Boy Scouts of America Los Angeles Council Chair, Sheriff's Youth Foundation Vice Chair and on the L. A. Chamber of Commerce Executive Committee. He also served on the Federal Reserve Board Advisory Council under Paul Volker and Alan Greenspan. Ray is survived by wife, Diana; children, Theresa (Michael) Cochran, Stephen (Deborah) Martin, Rebecca (Patrick) Gallagher, James Martin and grandchildren, Joseph Martin, Jonathan Martin, Vivian Martin, Thomas Martin and Mary-Jo Martin; sister, Elizabeth Skendzic, nephews, Michael (Nancy) Fiamengo, David (Joanie) Fiamengo and niece, Beth Greene. Services privately arranged by Green Hills Mortuary. Please support any of the charities above, or your own special charity if you wish.


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Published in Palos Verdes Peninsula News on Feb. 13, 2021.
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Memories & Condolences
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5 entries
February 18, 2021
Ray was a beloved man who participated along with his lovely wife Diana in the many luncheons and special functions of the Republican Women’s Club on the hill. We will miss him terribly but are grateful to have known him. You can’t miss what you haven’t known and loved. My thoughts and prayers are with Diana and the family as they move through the grieving process. Rest easy with the Lord, Ray. I’m sure the Lord is saying “a job well done my son, now come home”.
Sheila O'Neill
Friend
February 17, 2021
Mr. Ray Martin was such an amazing family man. He was loving, funny and had a heart of gold. I am blessed to have gotten to know that side of him. My thoughts and prayers to the Martin family.
Ayanna Ford
Coworker
February 15, 2021
Ray and Diana were a dynamite couple! I enjoyed our many interactions! My condolences to Diana and the family on the loss of Ray, a wonderful and civic minded man!
Rosemary Humphrey
Rosemary
Friend
February 15, 2021
My sincere condolences to the family and friends of Mr Martin. So thankful to have worked with such an awesome company. I met and have remained friends with many wonderful people at Coast. We weren’t employees we were family.
Glenda Sundstrom
Coworker
February 14, 2021
I met Ray when we came to San Pedro in 1958, and he was a gentleman and a true friend. Our condolences to Dianne and the family.
Dr. Gene DeAngelis and Terie
Friend
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