S.B. White Jr., investment banker, 84

July 04, 2006|By FREDERICK N. RASMUSSEN | FREDERICK N. RASMUSSEN,SUN REPORTER

S. Bonsal White Jr., an investment banker and former managing partner at Alex. Brown & Sons, died of Parkinson's disease Sunday at his Monkton farm. He was 84.

Stephen Bonsal White Jr. was born in Baltimore and raised on his family's farm on Pot Spring Road in Timonium. He graduated from Gilman School in 1941.

He attended Princeton University before enlisting in the Army Signal Corps in 1943. He served in France and Japan and attained the rank of lieutenant.

Returning to his studies after the war, Mr. White was a Phi Beta Kappa graduate and earned a bachelor's degree in history in 1948.

Mr. White returned to Baltimore and worked as a sales associate briefly at the old O'Neill's department store before joining Alex. Brown in 1948. He rose to become manager of its stock department and was made a general partner in 1958.

During his tenure at the Baltimore brokerage, Mr. White was responsible for taking Millipore Corp., Waters Associates and H&R Block public, family members said.

"He was a great fellow and very bright. He did not suffer fools, but was popular at the firm and was known, above all, for putting his clients first," said Truman T. Seamans, a longtime colleague.

"Bonnie recognized the need for Alex. Brown to expand its franchise beyond Baltimore and was an ardent supporter in the 1970s of the firm's entry into growth stocks. He was a constant supporter of the firm's efforts overseas and was instrumental in the merger of Alex. Brown and Robert Garrett Inc. in 1974," Mr. Seamans said.

Mr. White had been president of the Bond Club of Baltimore and served on the board of governors of the American Stock Exchange. He retired in 2003 from what had become Deutsche Bank Alex. Brown.

Other business interests included serving as president and majority stock holder of the Baltimore Cemetery Co., which owns and operates the historic cemetery at the eastern end of North Avenue that dates to 1850.

For nearly 40 years, Mr. White lived at his 130-acre Fox Fire Farm in Monkton, where he bred thoroughbred horses including Parade of Roses, a multiple stakes winner, family members said.

He was interested in land conservation issues and made financial contributions that helped preserve the open farmland of My Lady's Manor. He was also a member of the Chesapeake Bay Foundation.

Mr. White enjoyed fox hunting and was a member of the Elkridge-Harford Hunt Club. He was also a member of the Maryland Club, Elkridge Club, and Maryland Jockey Club.

Services are private.

Surviving are his wife of 18 years, the former Constance O'Neil; three sons, Stephen Bonsal White III of Norwalk, Conn., Lawrence K. White of Baltimore and William Terrell O'Neil White of Monkton; two daughters, Ellen T. White and Louise D. White Marburg, both of New York City; and three grandchildren. Earlier marriages to the former Mary Brent Johnston and Virginia Campbell ended in divorce.

fred.rasmussen@baltsun.com

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