H. Stephen Chase

After graduating from Harvard, he began working at Wells Fargo in 1927.^[3] He was named manager of the Santa Rosa branch in 1937, was transferred to Sacramento in 1940 as vice president,^[4] appointed senior vice president in San Francisco in 1955 and executive vice president in 1960. In 1963, he was elected to the board of directors.^[3] From 1951 to 1958, he also served as a member of the California Highway Commission.

In 1964, Chase became president of Wells Fargo, succeeding Ransom M. Cook who retained the post of chief executive officer and became chairman of the board.^[5][6] He served as president of what was then the nation's eleventh largest commercial bank for two years until November 1966 when he was succeed as president by Richard P. Cooley (who later married his eldest daughter) and, in turn, succeeded sixty-seven year-old Cook as chairman of the board.^[3]

Chase retired on May 31, 1968, after forty-one years with the bank.^[1] He was replaced as board chairman by Ernest C. Arbuckle, dean of the Stanford Graduate School of Business.^[7][8]

On February 4, 1930, Chase was married to Mary Bonar (1906–1972),^[9] a daughter of Reuben Bonar and Lora Lee Bonar (born May 24, 1906).^[10][11] Together, they were the parents of two daughters:

• Judith "Judy" Chase, who married Yale graduate James L. Ludwig (1925–2020), who later became the head of Saks Fifth Avenue, San Francisco,^[12] in 1954.^[13] After fifteen years, they divorced and she married Chase's successor, Richard P. Cooley.^[14][15] They later divorced as well.^[16]
• Stephanie Chase (1934–2017),^[17] who married William B. MacColl Jr. in 1958.^[1]

Chase died of a heart attack while on vacation in Vienna, Austria, on October 15, 1969.^[18][1][4] His widow died in San Francisco on December 29, 1972.^[9][19]