Chase Alumni Association

In Memoriam: Tim Olmstead, 64

At Texas Commerce/Chase from 1980 to 2005

Timothy (Tim) Allen Olmstead, who helped shape Texas Commerce Bank's Consumer Credit Operations Center, died of esophageal cancer on January 13, 2019 at the age of 64.

Born in Huntsville, TX, Olmstead grew up in Pasadena, CA. He moved to Austin, TX for college, graduating from the University of Texas with a Bachelor of Business Administration in Finance in 1976.

By 1980, Olmstead had earned his MBA in Finance from the University of Houston and started working at Texas Commerce Bank (later Chase) as a Cashier. Due to his ability to foresee issues and develop solutions, he was asked in 1989 to be part of a team creating a new, state-of-the-art credit operations center for the Bank. His extraordinary focus, strategic vision and ability to stay calm in a crisis helped the Consumer Credit Operations Center become a Center of Excellence for the company. His strategic thinking eventually led him to become Chief of Staff for the Texas Retail Banking Department and later to New York, where he was instrumental in planning the direction of the department during the Chase and Bank One merger.

After retiring and traveling extensively through Asia, Australia, Canada, New York, San Francisco and England, Olmstead went back to banking at Amegy Bank where he was Chief of Staff for the Retail and Business Bank and Finance Manager for Amegy, retiring this year as a Senior Vice President.

Olmstead is survived by his two brothers and their families.