Stuart Davis, former head of Great Western Financial Corp., died Saturday. He was 81.

Mr. Davis, who had a major role in developing the adjustable-rate home mortgage, was chief executive of Great Western from 1964 to 1979. He was chairman from 1964 to 1981 and a director until 1990.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.