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FREDERICK DEANE, CHAIRMAN EMERITUS, SIGNET BANKING CORPORATION, DIES (Obituary)

FREDERICK DEANE, CHAIRMAN EMERITUS, SIGNET BANKING CORPORATION, DIES
 RICHMOND, Va., April 15 /PRNewswire/ -- Frederick Deane, Jr., 66, Chairman Emeritus of Signet Banking Corporation (NYSE: SBK), died Tuesday, April 14, in Ocean Ridge, Florida. Memorial services will be held at 11:30 a.m. on Saturday, April 18, at St. Stephen's Episcopal Church, 6004 Three Chopt Road, Richmond.
 Mr. Deane was born August 5, 1926 in Boston, Massachusetts. A graduate of Harvard College in 1948, he received his MBA "with distinction" from the Harvard Graduate School of Business Administration in 1951. He enlisted in the Army in 1944, served in occupation forces in Italy and was released as a First Lieutenant in 1946. Recalled to active duty in 1951, Mr. Deane was assigned to the Central Intelligence Agency which he left in 1953.
 That same year he began his banking career when he joined the staff of Bank of Virginia, now Signet Banking Corporation, as assistant to the president. Mr. Deane rose through various positions in both the lead bank and the parent company. In March 1965, at age 39, he was elected President and Chief Administrative Officer of the parent company. In 1973 Mr. Deane was elected Chairman of the Board and Chief Executive Officer. In 1990 he retired with the title of Chairman Emeritus and remained on the board of directors.
 Mr. Deane was actively involved in a wide variety of banking and business organizations on the national, state and local level, sitting on 12 banking industry boards and societies. In addition to Signet, he served as a director of CSX Corporation, Marriott Corporation and Circuit City Stores, Inc. He was a member of the Federal Advisory Council of the Board of the Federal Reserve System, a member of the Governor's Advisory Board on Revenue Estimates, chairman of the board of MasterCard International, chairman of the Association of Bank Holding Companies, a director of the Association of Reserve City Bankers, a member and president of the Richmond Society of Financial Analysts and a member of the Young Presidents Organization.
 Mr. Deane also made significant contributions to a multitude of important civic and community affairs, actively participating in 43 organizations. He was a board member of the School of Business Administration Sponsors, Inc. of the College of William & Mary and a member of the Board of Visitors and vice-rector of the College, a member of the board of the Virginia Museum Foundation, the University of Virginia Graduate Business School Sponsors and the Virginia Foundation of Independent Colleges. He also served as head of the executive committee of the Richmond Renaissance and on the board of the Virginia Diocesan Center, Chesapeake Bay Foundation, Scott Foundation, Battle Abbey Council, Federated Arts Council of Richmond, United Way of Greater Richmond and Founding Chairman and a member of the Steering Committee of its Alexis de Tocqueville Society, and a Co- chairman of the Richmond chapter of the National Conference of Christians and Jews.
 Mr. Deane was a member of St. Stephen's Episcopal Church and served as a vestryman and a lay reader, in addition to numerous committees and fund-raising efforts.
 He is survived by his wife Dorothy Legge Deane, 4807 Lockgreen Circle, Richmond, Va, 23226; one son, Frederick Deane, III, Los Angeles, Calif.; two daughters, Eleanor Deane Bierbower, Bethesda, Md, and Dorothy Deane Irwin, Richmond, Va; and five grandchildren.
 -0- 4/15/92
 /CONTACT: S. Joseph Ward, Public Relations Director, Signet Banking Corporation, 804-771-7210/
 (SBK) CO: Signet Banking Corporation ST: Virginia IN: FIN SU: PER


DF -- CH006 -- 8728 04/15/92 12:57 EDT
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Publication:PR Newswire
Article Type:Obituary
Date:Apr 15, 1992
Words:590
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