David_B._McVean

David B. McVean

David B. McVean

Scottish banker (1903-1959)

David Bowie McVean (February 27, 1903 – December 19, 1959) was a Scottish-American banker who served as president of the Bay Ridge Savings Bank.

Early life

McVean was born in Leith, Scotland on February 27, 1903.[1] In Scotland, he studied at Heriot-Watt College.[2] He moved to Canada in 1919 where he began his banking career.[3] On September 12, 1922, he was promoted to provisional Lieutenant with the Elgin Regiment, a regiment of the Canadian Armed Forces.[4]

Career

In 1943, during World War II, McVean came to the United States and joined the Bay Ridge Savings Bank (Bay Ridge was acquired by Independence Savings Bank in 1996)[5] as assistant vice president. He later became a U.S. citizen. In March 1947, he was promoted to executive vice president of the bank and made a member of its board of trustees,[6] three months before he was elected to succeed Robert S. Darbee as president of the bank in June 1947.[7] At the time of his elevation to the presidency, the "bank reported more than 100,000 depositors and resources exceeding $100,000,000."[7] He was considered an expert on Brooklyn real estate, where he lived at 105 East 82nd Street. McVean also served as secretary to the Investment Officers Association of Savings Banks of the State of New York.[3]

From 1958 to 1959, McVean served as the 71st president of the Saint Andrew's Society of the State of New York, a group founded in 1756 that supported Scots in New York.[1]

Personal life

On December 23, 1931, McVean was married to Edna Rutherford, with whom he had a son, Donald McVean.[3] Edna was a daughter of James Albert Rutherford of Potsdam, New York, a farmer and merchant.[8] David was known for his "ready sense of humor and a delightful wit."[1]

McVean died from a heart attack on December 19, 1959 at age 56.[3]

References

  1. [1]
    Whatley, Harlan Douglas; Bruce, Duncan A.; Taylor, Randall Lenox (2008). Two Hundred Fifty Years: The History of Saint Andrew's Society of the State of New York, 1756-2006. Saint Andrew's Society of the State of New York. ISBN 978-0615287515. Retrieved 4 November 2019.
  2. [2]
    Who's Who in Commerce and Industry. Marquis Who's Who. 1955. p. 710. Retrieved 7 November 2019.
  3. [3]
    "DAVID B. M'VEAN, '56, A BROOKLYN BANKER" (PDF). The New York Times. 21 December 1959. Retrieved 5 November 2019.
  4. [4]
    Defence, Canada Department of Militia and (1923). Appointments, Promotions and Retirements. The Department. Retrieved 7 November 2019.
  5. [5]
    "INDEPENDENCE AGREES TO BUY BAY RIDGE BANCORP". The New York Times. June 27, 1995.
  6. [6]
    "Advanced by Savings Bank" (PDF). The New York Times. 16 March 1947. Retrieved 7 November 2019.
  7. [7]
    "Heads Savings Bank" (PDF). The New York Times. 28 June 1947. Retrieved 7 November 2019.
  8. [8]
    White, James Terry (1965). The National Cyclopaedia of American biography. J.T. White. p. 218. Retrieved 7 November 2019.
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