Ben Love: My Life in Texas Commerce
In a city known for powerful business leaders, Ben Love towers as one of the most influential. Serving as CEO of Texas Commerce Bancshares in the 1980s, during the collapse of the Texas banking industry, Love had an inside view of the debacle. His story, told here in detail for the first time, provides an insightful perspective on the Texas banking industry's evolution after World War II, its decline, and its subsequent recovery. It also offers a glimpse into of the kind of character that creates men of power. Love grew up with his family during the Great Depression. Their farm outside Paris, Texas, taught him hard lessons about opportunity and financial security lessons that would serve him well in the future. After Americas entry into war in 1941, Love flew 8th Air Force B-17 combat missions over Europe, then settled in Houston with his business degree in the late 1940s. His entrance into the world of banking began as a member of the board of directors for River Oaks Bank & Trust. Houston was rapidly growing into a metropolis, and he accepted an offer to leave River Oaks to join Texas Commerce Bank in 1967. As president of Texas Commerce Bank (TCB) in 1969 and CEO in 197289, Love cultivated change from single banks to holding companies, garnering a national reputation for his banking organization. In 1984, Texas Commerce was the twenty-first-largest bank in the country. Under his competent management, TCB was the only Big Five Texas bank to survive the economic downturn. One reason for its continued success lies with Loves successful merger in 1987 with the Chemical Bank of New York, now J. P. Morgan Chase. When he retired at the close of the decade, he turned his formidable energies to full-time civic and humanitarian work. Ben F. Love's memoir is one of only a few available in financial literature and history. Not only does it reveal an inside look at the evolution of banking in Texas, but it will serve as an instructional guide to future business leaders and managers. The final chapter summarizes the experiences and lessons sprinkled throughout eighty years of a powerful and productive life.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Chapter 2 Coming of Age During World War II
Chapter 3 Growing Old Over Europe
Chapter 4 Back To The Real World
Chapter 5 From Business To Banking
Chapter 6 Downtown to Texas Commerce
Chapter 7 Solidifying The Base 196872
Other editions - View all
American asset Austin B-17 ofﬁcer crew bank holding companies Bank of Commerce bank’s bankers became began beneﬁt Bill Bomb Group branch banking building chairman Chemical city’s Commerce’s Committee customers Dallas deposits directors dollars downtown earnings Eighth Air Force energy farm ﬁfty ﬁghters ﬁnal ﬁnally ﬁnancial ﬁnancing ﬁnd ﬁrm ﬁrst ﬁve ﬂak ﬂew ﬂight ﬂy friends Germany GIFT—RAPS Greater Houston growth Gus Wortham Hitler’s Houston Chronicle Houston Grand Opera interstate banking investment John Whitmore joined knew largest banks lending loans Love major member bank merger merging million mission Mother navigator ofﬁce ofﬁcer organization Paris percent plane Polebrook president proﬁtability proﬁts quantiﬁed real estate River Oaks River Oaks Bank senior stockholders target TCB’s Texas banks Texas Commerce Bancshares Texas Commerce Bank Texas economy Texas National Bank twenty-ﬁve University of Texas Walter Shipley wanted