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Bank of America Announces Scholarship to Honor SFU Alumnus

February 13, 2019 Tags: Academics , Alumni , Business and Communications , University News

Terry Laughlin

Bank of America has created the Terrence Laughlin ’77 Memorial Scholarship Fund. The company's $500,000 gift will endow a scholarship that will provide selected Saint Francis freshman from the Pittsburgh-area with financial assistance. The scholarship honors Saint Francis alumnus, Terrence "Terry" Laughlin, who passed away at his home in New York City on October 2018. He was 63 years old.

Terry was vice chairman and head of global wealth and investment management at Bank of America. As he steadily climbed the ladder of the nation’s banking industry, Terry never forgot his Saint Francis experiences and, indeed, was very active in supporting his alma mater.  Whether assisting students with Bank of America internships, supporting a scholarship to honor a favorite professor, or funding improvements related to the web presence, Terry quietly, yet confidently, served as a champion for the University.

"We are deeply saddened by the loss of our alumnus, Terry Laughlin," said Fr. Malachi Van Tassell, Ph.D., T.O.R., President of Saint Francis University. "We want to thank Bank of America for their commitment to help us honor his memory in the way Terry would have most appreciated: through helping Saint Francis students."

According to Bank of America's website, Mr. Laughlin helped the company recover from the financial crisis and recently expand Bank of America’s presence in his native Pittsburgh. A Bank of America financial center in Laughlin’s hometown of Pittsburgh will be named the Terry Laughlin Financial Center. 

“Terry’s love of Pittsburgh and his experience at Saint Francis helped define him as a leader at Bank of America, and on behalf of all his teammates I’m proud we can play a part in training future generations of leaders,” said Bank of America Chief Executive Officer Brian Moynihan.

To contribute to the Terrence Laughlin ’77 Memorial Scholarship Fund, you may donate online or via check. Please contact Robert Crusciel '86, Vice President for Advancement, for more information: 814-472-3021,