Donald Nesbitt Jr., 80

Investment banker

July 16, 2008|By Frederick N. Rasmussen

Donald F. Nesbitt Jr., a retired Alex. Brown & Sons investment banker whose career with the Baltimore firm spanned more than three decades, died Friday of complications from an infection at Gilchrist Hospice Care. The longtime Towson resident was 80.

Mr. Nesbitt was born and raised in Springfield, Mass., and was a 1946 graduate of the Mount Hermon School, now Northfield Mount Hermon School, in Mount Hermon, Mass.

After earning his bachelor's degree from Amherst College in 1950, he served with the Army Signal Corps in Philadelphia, and was discharged as a lieutenant in 1952.

He moved to Baltimore in 1952 and went to work as a salesman, first for Crown Cork & Seal Co. and later for the Gamse Lithographic Co.

In 1961, he began his career with Alex. Brown & Sons and opened the firm's Towson office that year, which he continued to manage until 1996, when he retired.

"He was known as the 'Mayor of Towson,' because whenever he walked down the street to the Towson House for breakfast and lunch, everyone knew who he was. It was amazing," said a son, William F. Nesbitt of Ruxton.

Mr. Nesbitt enjoyed spending summers at Harwich on Cape Cod, Mass., and had been an avid Colts and Orioles fan.

He was a longtime member and had been a deacon at Towson Presbyterian Church.

A memorial service will be held at 1 p.m. Saturday at Ruck Towson Funeral Home, 1050 York Road.

Also surviving are his wife of 20 years, the former Sally Skeen; another son, H. Scott Nesbitt of Cincinnati; a daughter, Martha D. Nesbitt of Ruxton; a stepson, J. Marks Moore of Baltimore; two stepdaughters, Lauren Carpenter of Timonium and Melissa Moore of Ellicott City; and seven grandchildren. An earlier marriage ended in divorce.

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