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 Frank Forbes Olberg

Frank Forbes Olberg

La Crosse, La Crosse County, Wisconsin, USA
Death 22 Sep 2005 (aged 81)
Cedar Rapids, Linn County, Iowa, USA
Burial Cedar Rapids, Linn County, Iowa, USA
Memorial ID 100000730 · View Source
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F. Forbes Olberg , 81, of 308 Nassau St. SE, died Sept. 22, 2005, in St. Luke's Hospital. He suffered a stroke shortly after the death of his wife of 55 years, Ann, and did not recover. Memorial service: 2 p.m. Saturday, Oct. 8, at First Presbyterian Church by the Rev. Robin Kash and the Rev. Lorene Wunder. Private family inurnment in Oak Hill Cemetery will take place prior to the memorial service.

{living family removed for privacy}

Forbes Olberg was born to Archibald and Grace Forbes Olberg on Oct. 5, 1923, in La Crosse, Wis. He served in the U.S. Marine Corps during World War II and then attended the University of Wisconsin, from which he was graduated with a B.A. degree in 1947 and LL.D in 1950. In the same year, he was married to AnnWadsworth on Sept. 9 in Cedar Rapids.

Forbes Olberg began his career in Cedar Rapids as a practicing lawyer. In 1951, he joined The Merchants National Bank in the trust department. He remained associated with that institution for his entire 36-year business career, rising to become executive vice president of the bank.

In 1968, he became a founding director and executive vice president of Banks of Iowa Inc., a bank holding company formed to own The Merchants National Bank and other Iowa banks. He became president and chief executive officer of Banks of Iowa in 1971 and remained in that position until 1981.

In 1978, he was elected chairman of the Board of Banks of Iowa, a post he held until 1987. Under his leadership, Banks of Iowa became a publicly traded company and the largest bank holding company in the state.

Olberg was active in civic, public service and community affairs. He was appointed by Governor Ray to the Iowa Development Commission in 1978 and served on the commission for 16 years.

In 1986, Governor Branstad appointed him as chairman of the commission, then called the Iowa Department of Economic Development, a post in which he served until 1994. In addition, from 1988 to 1994, he served as the chairman and president of the Herbert Hoover Presidential Library Association.

He also served as a member of the U.S. Archivist's Committee on Presidential Libraries and was a director-at-large of the Iowa Environmental Council. He also served as a trustee of the St. Luke's Hospital Foundation in Cedar Rapids and Cornell College in Mount Vernon, and was named a life trustee of both institutions.

He was a past president of the Cedar Rapids Area Chamber of Commerce, the Community Theater of Cedar Rapids, the Linn County Mental Health Association and the Jane Boyd Community House in Cedar Rapids, and he was an elder of First Presbyterian Church in Cedar Rapids.

He served as a director of Blue Cross and Blue Shield of Iowa, the Nissen Corporation, Corn Sweeteners Inc. and the Johnson Gas Appliance Co. At his death, he was president of the Greengate Farms Inc. and vice president and treasurer of St. Martin Land Co.

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  • Created by: CJeanealogy
  • Added: 1 Nov 2012
  • Find A Grave Memorial 100000730
  • Find A Grave, database and images ( : accessed ), memorial page for Frank Forbes Olberg (5 Oct 1923–22 Sep 2005), Find A Grave Memorial no. 100000730, citing Oak Hill Cemetery, Cedar Rapids, Linn County, Iowa, USA ; Maintained by CJeanealogy (contributor 47474846) .