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Tom began
his banking career with Chase Manhattan Bank as a trainee in 1947
and was promoted successfully through all phases of commercial
banking. Remaining at Chase, and with Chase's approval, Tom founded
Christiana jointly with Edward, Albert and Mike Stavitsky
in 1954. He was elected Senior Vice
President of Chase Manhattan Bank in 1962 and Executive Vice
President in 1967. He also served as Chairman of the Credit Policy
Committee. Mr McMahon retired in 1972 after 25 years service with
the Bank. He then became President, CEO and Director of Sterling
National Bank. He left Sterling to become Vice Chairman, Chief
Administrative Officer and Director of Security National
Bank.
When Tom
retired completely from Banking, he formed, with Ed Stavitsky, M.S.
Associates, a financial consulting firm, and joined Christiana
Capital Corporation as Executive Vice President, continuing as a
member of the Board of Directors.
Tom, a
Phi Beta Kappa graduate, received his B.A. in Economics, his M.S.
in Finance from Columbia, and his PhD. from New York University
Graduate School of Business Administration Advanced Management
Program.
Tom wrote
numerous articles, lectured extensively, and received many awards
including the "Man of Achievement Award", "Alumni Federation Medal"
granted by Columbia University to outstanding alumni, the "Human
Relations Award" given by the American Jewish Committee and "The
Brandels Distinguished Community Service Award" bestowed by
Brandels University Trustees.
He held
Directorships/affiliations with Arien Realty and Development
Corporation, Johnson
Industries, Incorporated, Universal Mortgage and Realty Trust,
Christiana Capital Corporation, Brandon Mortgage Corporation,
Interracial Conference of Business Opportunity (National Treasurer)
and was a member of the American Arbitration
Association.
He was a
member of the Advisory Committee of the Black Executive Exchange
Program of the National Urban League, Inc, the Advisory Council of
the Columbia Graduate School of Business, American Bankers
Association, Urban Affairs Committee, The Union League Club, and
the Economic Club of New York. |
