Robert Ketterman Frey, 81, bank officer, rail-merger expert

September 25, 1998|By Fred Rasmussen | Fred Rasmussen,SUN STAFF

Robert Ketterman Frey, a retired bank officer and a nationally recognized railroad merger expert, died Sept. 18 at Johns Hopkins Hospital of congestive heart failure. He was 88.

The longtime Hunting Ridge resident began his banking career in the 1920s as a courier and retired in 1975 as head of the investment research department of the trust division of Mercantile-Safe Deposit & Trust Co.

After World War II, he was involved in the consolidation of several Southeastern railroad companies, including the 1967 merger of the Atlantic Coast Line and Seaboard Air Line railroads.

Mr. Frey had been a director of Atlantic Coast Line.

"As a security analyst, he acquired a vast knowledge concerning railroads, and people would come to Baltimore to talk to him about consolidation and mergers," said G. Albert Puliafico, retired Mercantile senior vice president and friend of many years. "He really was considered an expert in this field.

"He worked many long hours and played a pivotal role in the merger of the Seaboard and ACL."

Mr. Frey was a charter member of the Baltimore Securities Analyst Society and active in the Nationwide Financial Analysts Association.

He was a former treasurer of the Hunting Ridge Community Association and a founder of the Hunting Hills Community swimming pool.

In 1937, Mr. Frey married Lazetta Eberhart, who died in 1989.

He was a member of Salem Lutheran Church where services were held Tuesday.

He is survived by two daughters, Martha E. Frey of Cockeysville and Ruth L. Frey of Hunting Ridge; and a brother, William R. Frey Sr. of Baltimore.

Pub Date: 9/25/98

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