S. Sloan Colt

Samuel Sloan Colt (July 13, 1892 – May 2, 1975) and Mary Adelaide (née Sloan) Colt (1868–1954), who owned Curry Farm in Garrison, New York. His younger sisters were Catherine Dunscomb Colt (wife of Charles Denston Dickey Jr., a senior partner at J.P. Morgan & Co.), and Mary Sloan Colt, the wife of Louis Curtis Jr. His father was an importer with Collins & Co. Upon his assumption of the presidency, he was also elected a director and a member of the executive committee. He was head of the bank for twenty-seven years and was made chairman in 1956 when Alex H. Ardrey became president. He retired in 1957 and was replaced as chairman by William Moore, but continued as a director and member of the executive and trust committees until 1965. In 1959, he was elected chairman, serving until his retirement from both chairman and commissioner in 1968. In 1954, Colt was appointed as a member of President Dwight Eisenhower's Advisory Committee on the National Highway Program. Colt served as chairman of Eurofund Inc., from 1959 to 1968 and was a longtime trustee of the Mutual Life Insurance Company of New York (today known as Axa). He was a director of the Federal Reserve Bank of New York from 1944 to 1946, the General Electric Company from 1940 to 1963, the American Can Company from 1943 to 1965, and joined the boards of Pan Am in 1931 and General Foods in 1932. He also served as a trustee and treasurer of the Tax Foundation, president of the New York Clearing House Association, 1955 and 1957, and president of the New York State Bankers' Association in 1935. The professorship was also held by Roy Blough, who in addition to teaching at Columbia University was also an economist in the Roosevelt and Truman administrations. The professorship is held by Lawrence Glosten, who is also the chair of the finance and economics division at Columbia Business School.

From 1951 to 1961, he was treasurer of Recordings for the Blind and from 1939 to 1958, he was a governor and a member of the executive committee of the Federal Hall Memorial Association. Margaret's father had inherited the majority of his uncle James Henry Smith's $12,000,000 estate. Before his death in 1907, Smith had been married to Annie Armstrong (née Stewart), the mother of Princess Anita de Braganza. Before the Colts divorced in September 1945, they were the parents of three children: Catherine C. Colt (1921–2013), who married attorney David Wendell Yandell (1910–1983) in May 1941. Richard Colt (1924–1992), who married Cynthia de Bottari (1926–2016) in 1947. In 1952, the couple left New York and moved to Houston. They had four children together — S. Sloan Colt II, Cynthia Franklin, Richard Colt, and Laurie Van Wagenberg. Mrs. Colt resided at her home in the River Oaks neighborhood of Houston until her death in 2016. Cynthia's sister, Alexandra de Bottari married Richard's cousin, Samuel Sloan Walker Jr. in 1948.

After his divorce from Margaret, she remarried to Brig. Gen. Paul Everton Peabody of the Army War College, and he remarried to Anne King (née Weld) McLane (1910–1982), After their marriage, they rented a two floor maisonette at 740 Park Avenue.

Colt died on May 2, 1975, at his home in Westhampton Beach, New York. He was buried at Westhampton Cemetery. His widow died in 1982.

Honors and awards In 1936, Colgate University awarded him an honorary Doctor of Laws degree and, in 1950, New York University awarded him an honorary Doctor of Commercial Science. In 1949, France made him a Chevalier of the Legion of Honor.