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Another "Successful Banker" Found Dead

Tyler Durden's picture




 

The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the death. This brings the total of banker deaths in recent weeks to 9 as Stuart is sadly survived by three sons and four daughters.

 

 

Mr Stuart's background (via The Journal Star),

Stuart was a native of Lincoln and graduated from the University of Nebraska-Lincoln with a degree in Business Administration.

 

In 1969, Stuart joined Citibank in New York City and served as a loan officer until 1973, when he joined First Commerce Bancshares (then NBC Co.) as executive vice president. He was named president in 1976, chairman and CEO in 1978, and also became chairman and CEO of National Bank of Commerce in 1985. Stuart spent his life building the organization into an important business voice in Lincoln, friend and colleague Brad Korell said.

 

“He was a very successful banker,” said Korell, who worked with Stuart for more than 30 years. “I always felt that he was a visionary. He really did build one of the most successful and admired banking organizations in the Midwest.”

 

Stuart spent much of his career with First Commerce Bancshares, a $3 billion multi-bank holding company headquartered in Lincoln. First Commerce was sold to Wells Fargo in 2000.

 

He is a former member of the Nebraska Game and Parks Commission and was appointed by Gov. Dave Heineman to the board of the Nebraska Environmental Trust in 2008. Stuart was also involved with natural resources-related groups such as Nature Conservancy, Ducks Unlimited and U.S. National Forest Foundation.

 

He served on the international board of the Juvenile Diabetes Foundation and the boards of the University of Nebraska Foundation and Nebraska Wesleyan University.

 

According to Korell, Stuart was living in Scottsdale, overlooking his family's financial investments, as well as golfing and fishing.

Which brings the total number of recent banker deaths to 9 (via Intellihub):

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

 

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Tue, 02/25/2014 - 01:59 | 4474267 bearish1
bearish1's picture

Well! All these comments were hilarious and some were spot on!

 

NOW should we be decent and have a moment a silence??

 

Didn't think so! Party on! 

Tue, 02/25/2014 - 03:19 | 4474279 JuliaS
JuliaS's picture

He wanted to have a nice relaxing foot bath by the side of the lake, but accidentally stepped in a cement bucket and tripped right off the edge of the pier.

Tue, 02/25/2014 - 02:47 | 4474329 beaglebog
beaglebog's picture

" ... Stuart is sadly survived by three sons and four daughters."

 

 

Somewhat ambiguous statement, chaps.

Tue, 02/25/2014 - 03:40 | 4474368 Sandmann
Sandmann's picture

Why is he "sadly survived by".......that is really harsh regretting his  children did not die with him !

Tue, 02/25/2014 - 03:55 | 4474379 Bithead1
Bithead1's picture

Did he invest heavily in SHitCoin?

Tue, 02/25/2014 - 04:34 | 4474399 Fogey
Fogey's picture

Next stock market crash incoming.

Tue, 02/25/2014 - 04:45 | 4474409 WTFUD
WTFUD's picture

There will be many more banker deaths!
You can bank on it.

Tue, 02/25/2014 - 04:52 | 4474415 WTFUD
WTFUD's picture

Ok i did it!
He shot my adopted duck ' Goldie '.

Tue, 02/25/2014 - 05:01 | 4474420 Rising Sun
Rising Sun's picture

labor participation rate goes down by 1

 

that's good for Barry, right  Barry you fucking asshole??

Tue, 02/25/2014 - 06:15 | 4474464 MeelionDollerBogus
MeelionDollerBogus's picture

so...

In 1969, Stuart joined Citibank in New York City

he was old. Really old.

Tue, 02/25/2014 - 07:59 | 4474575 Peter Pan
Peter Pan's picture

I was scrolling down to see if anyone picked up on his age which would be easily 70.

Thankfully, my friend, you did pick up on his age.

Nothing to see here. Move on.

Tue, 02/25/2014 - 07:21 | 4474514 resurger
resurger's picture

Ultaaaaaaaaaaaaaaaa Killllllllllllllllllllllll

Tue, 02/25/2014 - 07:39 | 4474544 lincis
lincis's picture

I have a feeling the btc will hit cuple of grand this year

Tue, 02/25/2014 - 07:43 | 4474548 lincis
lincis's picture

There were 23 high performing hedge fund, banking CEO "suicides" since 2008, there must be some kind of undescovered pattern to this. Whistleblowers?  

Tue, 02/25/2014 - 07:55 | 4474570 the not so migh...
the not so mighty maximiza's picture

it all started after Bernanke resigned,  coincidence??? ......or somehting more???

Tue, 02/25/2014 - 08:01 | 4474577 Peter Pan
Peter Pan's picture

These deaths have nothing to do with Bernanke's retirement. They are all connected, if at all, to Yellen's appointment.

Tue, 02/25/2014 - 08:04 | 4474579 RSDallas
RSDallas's picture

It appears you are reaching on this one.  

Tue, 02/25/2014 - 08:29 | 4474623 waterwitch
waterwitch's picture

Blame it on the weather.

Tue, 02/25/2014 - 11:12 | 4475165 SystemOfaDrown
SystemOfaDrown's picture

Sure it will be ruled a suicide. Look for reports citing he managed to shoot himself 20 TIMES with a nail-gun; the new normal.

Tue, 02/25/2014 - 11:17 | 4475196 LFMayor
LFMayor's picture

Sadly survived by sons and daughter?  What, were they on the Hit List, too?

Tue, 02/25/2014 - 11:29 | 4475289 JeffB
JeffB's picture

Not much to hang one's hat on here from what I could tell by a quick scan of the article.

I didn't notice his age listed but if he started at Citibank in '69 fresh out of college he would probably have been about 22 or 23 years old then, so he's probably somewhere around 66 to 67 years old with no cause of death listed.

I don't think I'd tack this on to the suspicious deaths of bankers list just from these details. There are a lot of bankers I would guess, and probably quite a few 67 year old insurance agents, realtors, teachers and policemen that die every year. Maybe something fishy's going on, but I wouldn't count this death as strong evidence of it.

 

 

Tue, 02/25/2014 - 15:23 | 4476766 Random_Robert
Random_Robert's picture

Are they all suddenly beginning to realize that fractional reserve lending only works, until it doesn't...?

Dead bankers don't lie...

 

Tue, 02/25/2014 - 15:55 | 4476905 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Let me know when it hits 1000.

 

Wed, 02/26/2014 - 17:42 | 4482074 PolitiJim
PolitiJim's picture

Let's be a little cautious here.  The man was nearly 70 years old and doesn't seem to be in derivatives, intl banking, currency or an administrator of Fed programs like the other younger, healthier victims.  There are a lot but lets use a little intelligence before acting like a bunch of ill-informed, knee jerk low info voters...

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