Magazine article American Banker

Golembe, Dean of Bank Consultants, Dies at 86

Magazine article American Banker

Golembe, Dean of Bank Consultants, Dies at 86

Article excerpt

Byline: Stacy Kaper

Regarded in many circles as the dean of banking consultants, Carter H. Golembe, the longtime author of a popular monthly analytical essay on financial services public policy, died Saturday at his home in Delray Beach, Fla. He was 86.

Golembe, an economic historian whose long banking industry career began at the Federal Deposit Insurance Corp. in 1951, was remembered by friends, family and colleagues on Monday as an irreverent, thought-provoking, walking encyclopedia on banking history. Golembe, who authored The Golembe Reports, believed in removing artificial constraints on growth and innovation in commercial banking and was an outspoken advocate of the dual banking system.

"He was a real intellectual. He had a love for the banking business and the appropriate regulation thereof, and it was all consuming for him. It was his career and his hobby," said Philip C. Meyer, a friend and colleague of Golembe's for more than 40 years, who worked with him on The Golembe Reports and was the editor of Golembe's 2009 autobiography, "But I Never Made a Loan: My Career in Banking - the Early Years."

Golembe joined the FDIC as an economist, and served a stint as a staffer under former Sen. Wallace Bennett, R-Utah, before returning to the FDIC. In 1960 he was chosen to help start up the American Bankers Association's Washington office as a deputy manager, where he led a state banking division.

In 1967, he started Carter H. Golembe & Associates, which became a leading banking consultancy firm well known for the monthly Golembe Reports, which tackled a range of issues, including deposit insurance reform, capital requirements, interstate branching and questions around appropriate regulation.

In 1989, Golembe joined the Secura Group and eventually served as its chairman. …

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