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George V. Forman Biography
George V. Forman born George Van Syckel Forman,was an American lawyer and a banker. He was the CEO and founder of VanderGrift, Forman & Company, which later merged and became part of the Standard Oil Company. Forman was also known to be a prominent Buffalo banker in the late 1800s and early 1900s, going ahead to found The Fidelity Trust and Guaranty Company which later merged with the Manufacturers and Traders Trust Company, rebranding to M&T Bank which is ranked 455th on the Fortune 500.
George V. Forman Age
Forman was born in December 3, 1841 in Milford, New Jersey and met his death on October 22, 1922 in Buffalo, New York and was burred at Mountain view Cemetery in Olean, New York. He was 80 years old when he died.
George V. Forman Education
Forman went to Princeton University in 1861. After receiving his degree,he moved to Trenton, New Jersey where he practiced law.
George V. Forman Family
Forman met Martha Carter in New Jersey and tied the knot.They sired three children namely:Howard Arter Forman (1870–1931),George Alfred Forman (1875–1923) and Mary Martha Forman.
- Howard Arter Forman tied the knot with Georgia M. Green (1871–1955), the daughter of George C. Greene who was the General Counsel for the Lake Shore Railroad. During World War I,Howard served as vice-president of Eastern Petroleum , he was the Federal Fuel Administrator for Buffalo.
- George Alfred Forman tied the knot with Lucie Hatter. George was the founder, president and principal stockholder of “Southwestern Petroleum Company,” a West Virginia corporation with offices in Buffalo that was estimated to be worth $5 million (equivalent to $69,772,000 in 2017)
- Mary Martha Forman, was married to Anson Goodyear who was the son of Charles W. Goodyear on June 29, 1904.
George V. Forman Business Career
While a still a resident of Olean, New York, and a member of the “Exchange National Bank of Olean,” Forman organized the “Eastern Oil Co.”. incorporated in West Virginia. He then came to Buffalo, New York to be president of the company.
In May 1893, Forman founded The Fidelity Trust and Guaranty Company of Buffalo, New York along with John J. Albright, John Satterfield, and Franklin D. Locke, of which he later became president of the company.
In December 1925, a few years after his death in 1922, Fidelity Trust Company, with $35 million in assets, merged with Manufacturers and Traders Bank, founded in 1856, with $64 million in assets, under their new name Manufacturers and Traders Trust Company. The $100 million company was headed by Fidelity’s President, 36-year-old Lewis G. Harriman. Harriman and a group of investors including A. H. Schoellkopf, from the founding family of the Niagara Falls Hydraulic Power and Manufacturing Company, and James Forrestal, who would become the first United States Secretary of Defense, owned enough shares to control both Fidelity and M&T.