Gerald J. Ford
From Wikipedia, the free encyclopedia
- Should not be confused with US President Gerald Ford.
Gerald J. Ford (1945-) is a successful Texas banker known for buying and selling thrift banks. Ford bought his first bank in 1975 for $1.2 million and later sold it for a profit of $80 million.
One of Ford's most successful transactions occurred in 2002 when he sold California-based Golden State Bancorp to Citigroup for $6 billion; his personal stake is now worth more than $1.1 billion.
Ford's other investments include the auto-finance company AmeriCredit and 120,000 acres (486 km²) of rangeland in New Mexico.
Gerald J. Ford was raised in Pampa, TX and graduated from Pampa Senior High School before attending Southern Methodist University. He would later donate the money to build the new football stadium at SMU, and it was subsequently named after him; the Gerald J. Ford Stadium. During his school days in Pampa, TX, he spent many hours helping his father, Coyle, at Ford's Paint and Body Shop.
