Stephen C. Hansen ’62

Stephen C. Hansen died of brain cancer Aug. 21, 2007, at home in Fox Chapel, Pa. He was diagnosed with the disease last May.  Steve entered Princeton from St. Paul's School, majored in politics, and was a member of the Republican Club and Pre-Law Society. He roomed with Guy Rutherfurd and the late Lewis Van Dusen, dined at Ivy, and wrote his thesis on Nasser's social reforms in Egypt. After earning a law degree at UVA, Steve was elected to the state assembly from NYC's Silk Stocking District. He subsequently served as undersecretary at HUD and special assistant to the chairman of the FDIC. Steve became chairman and CEO of Dollar Bank of Pittsburgh, the largest mutual bank in the United States still privately owned by depositors. Under his 34-year leadership the bank grew five-fold in assets and expanded into Ohio.  Warning bankers against weakening the Bank Holding Company and Glass-Steagall acts, Steve foresaw the negative results emerging in our banking system. He was determined that the bank remain "mutual" and give back to its community. The class extends condolences to Steve's widow, Ethel; his son, Lee; grandchildren Victoria and William; and his aunt, Barbara C. Emeny.