Spencer Eccles

Last updated

Spencer F. Eccles
Born (1934-08-24) August 24, 1934 (age 89)
Education University of Utah (BA)
Columbia University (MBA)
Known for First Security Corporation,
Amalgamated Sugar Company
SpouseCleone Emily Peterson Eccles
Children4
Relatives Randal Quarles (son-in-law)
Awards Olympic rings.svg Pierre de Coubertin medal
The Spencer Fox Eccles Business Building at the University of Utah. Sfebb exterior univ of utah.jpg
The Spencer Fox Eccles Business Building at the University of Utah.

Spencer Fox Eccles (born August 24, 1934, Ogden, Utah) is a prominent financier and philanthropist in Salt Lake City, Utah and chairman emeritus of the Intermountain Region of Wells Fargo Corporation. From 1982 to 2000, he was chairman and chief executive officer of First Security Corporation of Salt Lake City, which was, until its sale to Wells Fargo in 2000, the largest banking organization in the Mountain West measured by assets, deposits and market capitalization. [1]

Contents

Biography

Eccles is the son of Spencer Stoddard Eccles and Pauline Hope Fox and the grandson of Ellen Stoddard and David Eccles, a Utah banker and industrialist. [2] He earned a Bachelor of Science in finance in 1956 from the University of Utah, where he was also a member of Beta Theta Pi, and a master of business administration in 1958 from Columbia University School of Business. Eccles is the nephew of both George S. Eccles and Marriner Stoddard Eccles.

In addition to his role at First Security, Eccles has also been a director of the Union Pacific Railroad, Intermountain Health Care, the Federal Reserve Bank of San Francisco, the National Chamber of Commerce, the ZCMI Corporation, the Anderson Lumber Company, Amalgamated Sugar, the Alta Ski Corporation, the U.S. Ski and Snowboard Association, and the National Parks Foundation. He was a member of the three-person executive committee of the Salt Lake Olympic Organizing Committee and, in recognition of his critical contribution to the 2002 Olympic Games in Salt Lake, was appointed mayor of the Olympic Village during the games and received the Pierre de Coubertin medal from the International Olympic Committee, the Olympic movement's highest honor.

Family

The Eccles family is noted for its philanthropy in the West, [3] and Eccles is actively involved in many of the various Eccles family foundations, including as chairman of the George S. and Dolores Dore Eccles Foundation, the largest philanthropic foundation in Utah, president of the Eccles Family Foundation, which he founded, and of the Marriner S. Eccles Foundation, and trustee of the Emma Eccles Jones Foundation and the Nora Eccles Treadwell Foundation. Utah news organizations have identified Eccles as one of the handful of most influential people in the state, along with the President of the Church of Jesus Christ of Latter-day Saints, the Governor, and Orrin Hatch, the state's former senior senator. [4]

His daughter, Hope Eccles, is married to former Vice Chair of the Federal Reserve Randal Quarles. [5]

Related Research Articles

<span class="mw-page-title-main">Marriner S. Eccles</span> American economist and banker (1890–1977)

Marriner Stoddard Eccles was an American economist and banker who served as the 7th chairman of the Federal Reserve from 1934 to 1948. After his term as chairman, Eccles continued to serve as a member of the Federal Reserve Board of Governors until 1951.

<span class="mw-page-title-main">Rice–Eccles Stadium</span> Stadium at the University of Utah in Salt Lake City, Utah, US

Rice–Eccles Stadium is an outdoor college football stadium located on the campus of the University of Utah in Salt Lake City, Utah. It is the home field of the Utah Utes of the Pac-12 Conference. It served as the main stadium for the 2002 Winter Olympics; the Opening and Closing Ceremonies were held at the stadium, which was temporarily renamed "Rice–Eccles Olympic Stadium".

David Eccles was an American businessman and industrialist who founded many businesses throughout the western United States and became Utah's first multimillionaire.

Robert Heiner Garff was an American businessman and politician who served as chair of the Ken Garff Automotive Group. He also served as the speaker of the Utah House of Representatives from 1985 to 1987. He was a member of the Republican party.

<span class="mw-page-title-main">Union Station (Ogden, Utah)</span> Train station in Ogden, Utah, United States

Union Station, also known as Ogden Union Station, is a train station in Ogden, Utah, United States, at the west end of Historic 25th Street, just south of the Ogden Central Station. Formerly the junction of the Union Pacific(UP) and Central Pacific (CP) railroads, its name reflects the common appellation of train stations whose tracks and facilities are shared by railway companies.

<span class="mw-page-title-main">Eccles Broadcast Center</span>

Howard J Stoddard (1901–1971) was a prominent banker in Michigan. He founded Michigan National Bank by merging several banks in mid-sized Michigan cities.

<span class="mw-page-title-main">University of Utah Hospital</span> Hospital in Utah, United States

The University of Utah Hospital is a research and teaching hospital on the campus of the University of Utah in Salt Lake City, Utah. It serves as a major regional referral center for Utah and the surrounding states of Idaho, Nevada, Wyoming, Montana and New Mexico. University of Utah Health Care is praised for the following specialties: cardiology, geriatrics, gynecology, pediatrics, rheumatology, pulmonology, neurology, oncology, orthopedics, and ophthalmology.

<span class="mw-page-title-main">David Eccles School of Business</span> Business school of the University of Utah

The David Eccles School of Business is located on the University of Utah campus in Salt Lake City, Utah. The school was founded as the "School of Commerce & Finance" in 1917 and subsequently changed its name to "School of Business" in 1927, although business classes were taught through the Economics & Sociology department at the University starting in 1896. The school currently offers nine undergraduate majors, four MBA programs, nine specialized master's programs, a Ph.D. program, and executive education offerings. The Eccles School has nearly 40,000 alumni in all 50 U.S. states and many countries.

<span class="mw-page-title-main">Moran Eye Center</span> Hospital in Utah, United States

The John A. Moran Eye Center at the University of Utah is an ophthalmology clinical care and research facility in the Mountain West.

George S. Eccles (1900–1982), the sixth of nine children of Utah industrialist David Eccles and his wife Ellen Stoddard Eccles. He grew up in Logan, Utah and graduated from Columbia University in New York, where he met fellow student Dolores "Lolie" Doré, whom he wed in 1925. George and his brother Marriner Stoddard Eccles founded First Security Corporation in 1928. He served as CEO of First Security Corporation from 1945 to 1982. In 1960 he and his wife co-founded the George S. and Dolores Doré Eccles Foundation. He received the Golden Plate Award of the American Academy of Achievement, alongside his brother Marriner S. Eccles, at the 1972 Achievement Summit in Salt Lake City.

The George S. and Dolores Doré Eccles Foundation is a non-profit foundation located in Salt Lake City, Utah that gives grants for projects and programs throughout Utah in the following areas: arts and culture, community, education, health care, and preservation and conservation.

<span class="mw-page-title-main">First Security Corporation</span>

First Security Corporation was a multistate bank holding company in the western United States, primarily in Utah, Idaho, New Mexico, Oregon, Nevada, and Wyoming. Headquartered in Salt Lake City, Utah, First Security merged with Wells Fargo in 2000.

<span class="mw-page-title-main">John W. Gallivan</span>

John W. Gallivan was an American newspaper publisher, cable television pioneer, and civic leader. A major figure in the promotion and development of Salt Lake City and Utah's ski industry, he was instrumental in starting the campaign to bring the 2002 Olympic Winter Games to Salt Lake City. Using his position as publisher of the Salt Lake Tribune, "Jack" Gallivan was the driving force behind numerous civic improvement and development projects including the Salt Palace, the Salt Lake Arts Center, Symphony Hall, The Capitol Theatre, and the promotion of light rail. His many contributions to the economic and cultural life of the city were recognized by the community in the naming of the John W. Gallivan Plaza near the center of downtown.

Eccles is a surname. Notable people with the surname include:

<span class="mw-page-title-main">Eccles Theater</span> Theatre in Salt Lake City, UT

The George S. and Dolores Doré Eccles Theater is located in Salt Lake City, Utah. It was opened in 2016. It hosts touring Broadway shows, concerts, and other entertainment events. The primary "Delta Performance Hall" seats 2,468 people, while a smaller black box theater seats 150-250 people.

<span class="mw-page-title-main">Statue of Marriner S. Eccles</span> Bronze statue in Salt Lake City, Utah, U.S.

A bronze statue of Marriner S. Eccles by Mark DeGraffenried is installed outside the Utah State Capitol in Salt Lake City, in the U.S. state of Utah.

Encircle is a 501(c)(3) nonprofit organization that provides support and counselling for LGBTQ+ students and their families at multiple locations in Utah.

<span class="mw-page-title-main">Joe Quinney Winter Sports Center</span> Museum in Summit County, Utah, United States

The Joe Quinney Winter Sports Center is a museum building within the Utah Olympic Park in Summit County, Utah, United States, that houses both the Alf Engen Ski Museum and the Eccles Salt Lake 2002 Olympic Winter Games Museum, as well as the main offices of the Utah Athletic Foundation. The center stands next to the day lodge and summer splash pool in the park.

References

  1. History of First Security Corporation
  2. Leonard J. Arrington, David Eccles: Pioneer Western Industrialist (1975)
  3. Eccles Fortune Keeps Giving Back to Utah, Salt Lake Tribune, June 27, 1999
  4. Deseret News May 16, 2001
  5. School, Columbia Business (May 24, 2017). "Pulitzer Prize Finalist Sebastian Mallaby Receives Columbia Business School's 2017 George S. Eccles Prize for Economic Writing". The Media and Technology Program. Retrieved September 2, 2021.{{cite web}}: |first= has generic name (help)