S. Marshall Kempner

Sigmund Marshall Kempner (December 30, 1898 – August 1, 1987)^[1] was an American investment banker and founder of the French Bank of California, later known as Bank of the West.^[2]

Sigmund Marshall Kempner
Born	(1898-12-30)December 30, 1898 New York City, U.S.
Died	August 1, 1987(1987-08-01) (aged 88) San Francisco, California, U.S.
Nationality	American
Education	Columbia College (BA)
Occupation	Investment banker
Known for	Founder of Bank of the West
Spouse(s)	Barbara Hazel Guggenheim (divorced) Charlotte Kempner
Children	2
Relatives	Alan H. Kempner (brother-in-law)

Education

Kempner was a native of New York City and graduated from Columbia College, Phi Beta Kappa, in 1919. He also attended Harvard Business School before entering the banking industry.^[3]

Career

He was a managing executive of Heidelbach, Ickelheimer & Co. from 1920 to 1927 and a partner of the firm until 1942 along with Stern, Kempner & Company and Spencer B. Rock & Company.^[2]

He served a lieutenant colonel in the United States Army's finance department during World War II and headed the Victory Loan program for the Federal Reserve Bank in San Francisco, where he remained for the rest of his life.^[4] He was involved with Jewish causes and was the treasurer of National Refugee Service and was an executive on the American Jewish Committee in San Francisco.^[5][6]

Kempner later served as president and director of the Industrial Capital Corporation, an early venture capital firm that was seen as a precursor to West Coast venture capital, until 1965.^[2][7] He was the founder and chairman of the French Bank of California, which was merged into the Bank of the West during the 1980s.^[8] A civic leader, he was also a founder of French American International School in San Francisco.^[9] He also served on the finance chairman of governor Pat Brown's business advisory committee.^[2][10]

He received a John Jay Award from Columbia College in 1981 for distinguished professional achievement with fellow college alumni Armand Hammer and George Segal.^[11] He was also a Chevalier of the Legion of Honour and Order of Leopold II of Belgium.^[9]

Personal life

Kempner married Barbara Hazel Guggenheim, the sister of Peggy Guggenheim and daughter of Benjamin Guggenheim of the Guggenheim family in 1921.^[3][12] He died on August 1, 1987, at age 88 in San Francisco, survived by his second wife, Charlotte Kempner, two daughters, and four grandchildren.^[2][13] His brother-in-law, Alan H. Kempner, is the son-in-law of prominent banker Carl M. Loeb, who founded Loeb, Rhoades & Co.^[14] His daughter, Charlotte Kempner Beyes, was a filmmaker who made documentaries to raise awareness of HIV/AIDS.^[15]