Edward Duffy, who was chairman of the holding company for the former Marine Midland Bank in Buffalo, N.Y., has died. He was 89.
Duffy died Wednesday at Sarasota Memorial Hospital in Sarasota, Fla. His funeral will be held at St. Mary's Catholic Church in Clinton, N.Y., on April 12.
Duffy was president of Marine Midland's Watertown, Utica and Syracuse divisions before being promoted to president and CEO of the holding company in 1973. He was subsequently promoted to chairman of the company and its executive committee.
Hongkong and Shanghai Banking Corp., now HSBC, acquired majority ownership of Marine Midland in 1980, when Marine Midland was the 14th-largest U.S. bank. Duffy remained the leader of the bank until he retired in 1983.
Duffy was also a leader for organizations including Niagara Mohawk Power Corp., Community General Hospital of Greater Syracuse and the Utica Chamber of Commerce. He served on President Reagan's Private Sector Survey on Cost Control and was a trustee of Syracuse University and Clarkson College.