Daniel B. Green, 98, of Haverford Pennsylvania, the former chairman and CEO of Firstrust Bank, died Wednesday, Aug. 26 2020, at his second home in Rancho Santa Fe, Calif. Mr. Green was the second-generation leader of Firstrust. His father, Samuel A. Green, founded the bank in 1934 in his mother’s South Philadelphia kitchen.
Formerly called First Federal Savings & Loan Association of Philadelphia, the bank received one of the first charters issued for an S&L in Pennsylvania.
At age 12 in the mid-1930s, Mr. Green joined his father every night after dinner, going door to door in South Philly, seeking deposits for the new savings and loan to reach the required $7,500 minimum. Eventually, they raised $7,800 from 180 depositors to establish the new business. Mr. Green succeeded his father as president and CEO in 1970 and expanded the business to become a force in the region, with current assets of $4.5 billion.
During his tenure, Firstrust opened 15 branches in Philadelphia and the suburbs, and one each in Cherry Hill, Allentown, and Towson, Md. He grew its lending portfolio to include commercial real estate. In 1979, at the death of his father, Mr. Green also became chairman of the board and served in that capacity until 2015, when he was succeeded by his son, Richard J. Green, who had been president and CEO since 1995.
Mr. Green retired in 2015 as chairman emeritus, after 65 years of service.
Mr. Green served on the boards of Lankenau Medical Center and the Jewish Federation of Greater Philadelphia, and was a founding member of Federation Housing Inc.
Mr. Green married Florence Elaine Weiss in 1946. They had three children, whom they raised in Haverford. She died in 2012.
He was a founding member of Main Line Reform Temple in Wynnewood. Along with his wife, he founded the nonprofit Daniel B. and Florence E. Green Family Foundation.
Besides his son, he is survived by sons Benjamin and Arlin; 10 grandchildren; three great-grandchildren; and a brother.