Roll Call Tribute

Terrence Arthur "Terry" Larsen 

September 12, 1946 - August 30, 2025 

Terrence Arthur "Terry" Larsen, born on September 12, 1946 in Chicago, IL was a distinguished Economist and Banking Executive, renowned for his visionary leadership as Chairman and CEO of Corestates Bank in Philadelphia, Pennsylvania. He passed away on August 30, 2025 in San Francisco, California.

Terry Larsen earned his PhD in Economics from Texas A&M University. In the mid 1980s he joined The Philadelphia National Bank, later Corestates Financial Corporation, as a junior economist. His leadership skills were demonstrated in the days immediately following the stock market collapse of 1987, after which he solved the Bank's mismanaged asset and liability position. Larsen's two successes impressed CEO G. Morris Dorrance enough that Larsen became his successor in 1988. 

Despite a challenging career Terry Larsen prioritized family first but also experienced personal sadness, losing his wife Marilyn of 35 years in 2003 to cancer and son Craig in 2022. After Marilyn's death, he moved to the the big island of Hawaii where he met Cammy Kelly. They were married in Rancho Santa Fe, CA in 2005. Although the two of them lived in a number of different places around the country, most of their time was spent in Rancho, Santa Fe, and Hawaii, which he often described as his "happy place". Up until shortly before his death, Cammy joined Terry in his greatest passion, playing the finest golf courses all over the world.

Terry is survived by beloved wife Cammy Kelly Larsen, daughter Ashley, grandchildren Joshua, Jay and Sean Murphy, Elizabeth and Brooks Larsen, and five siblings Pat, Mary Grace, Karen, Chris and Louise.