In Memoriam: William (Bill) Mallon, II, 75

Chemical Bank Managing Director and Board Member

William (Bill) Mallon, II, who became a managing director of Chemical Bank at the age of 36 and later a board director, died in South Carolina on October 31, 2023. He was 75 and had spent 40+ years as a commercial banker.  
Born in Montclair NJ, Mallon attended St Benedicts Prep School in Newark NJ, Boston College, where he was a political science major, and Fordham University School of Law.
He also served on the Board of Directors at Mellon Bank, on the Executive Committee at Mellon and in the Management Forum at Shawmut Bank, where he was the Chief Credit Officer. He was one of the first four co-founders of New Star Financial Inc in 2003 and helped take it public (NASDAQ) in 2006.
Mallon was active in civic affairs. He was an assistant scoutmaster in The Boy Scouts of America, and being a young Eagle Scout himself, it was one of his proudest accomplishments. He was president of Parish Council of his original parish Church, Immaculate Conception, in Montclair, NJ, a director of the New Community Foundation in Newark NJ, for 10 years, and Treasurer and Finance Chairman of Emerson Hospital (Concord, MA) for seven years.
Before his Illness, he was a devoted volunteer at the USS Yorktown at Patriots Point in Mt Pleasant, SC. As a devout Catholic, he was a founding member of the Catholic Good Shepherd Club, where he diligently worked as the treasurer, to help establish a Catholic Church on Daniel Island, SC.
Mallon was predeceased by his first wife, Mary McDonough Mallon. Survivors include his wife of 17 years, Betsy Sarsfield, three children, two stepchildren and nine grandchildren.
Memorial donations may be made to The Building Fund, Saint Clare of Assisi Catholic Church, 225 Seven Farms Dr., Suite 100, Daniel Island, SC 29492 or to St. Benedict’s Preparatory School, 520 Dr Martin Luther King Jr. Blvd, Newark NJ 07102, in memory of William G. Mallon, class of 1966.




Please send remembrances to
From Ed Moran (Chase, 1966-1985): Bill and I lived in Montclair, NJ for many years, but I never knew him. In 2020, my wife and I moved to Daniel Island, SC, and into the house next door to Bill and his wife, Betsy. Unfortunately, my knowledge of Bill’s banking career came from reading his obituary. By then, although we talked frequently, his memory of what must have been interesting days in the business was a far distant memory. Bill and Betsy have been credited with being part of the group that started the St. Clare of Assisi parish in 2014 here in this relatively new planned development. They located and arranged for the purchase and transportation of vintage stained glass windows and an elaborate alter from a closed convent in Pennsylvania. Fittingly, his was one of the first funerals at the new 800-seat church where the pastor paid great tribute to him during the service.
     I regret that I never really knew him. His friends here say, “You should have known Bill back in the old days.” 
From Tom Emery: I was a longtime friend of Bill Mallon. We started our banking careers in Jersey City at Commercial Trust Company of New Jersey. In 1970. I attended his wedding in the Boston area and visited him several times at Boston College and stayed in his apartment and dated my girlfriend Ms. Swanfeld while at Bill's apartment.

What a man.

What a banker.

Really respected him always.