Pavilion State Bank President Wolcott "Jay" Humphrey III, a member of one of the state's oldest banking families, died unexpectedly Wednesday.
Humphrey, 50, was also a senior vice president and board member of Warsaw-based Financial Institutions, which owns Pavilion and four other community banks.
"Jay was a dynamic leader in our company and his contributions to our success were countless. In addition to overseeing the tremendous growth of Pavilion State Bank during the last 20 years, Jay continuously challenged the entire Financial Institutions organization to maximize our opportunities," Financial Institutions Chairman Peter Humphrey said about his late brother.
Four generations of the Humphrey family have operated banks in Western New York dating to 1869. In an era where big banks dominate the state's market share, Financial Institutions has continued steadily profiting by promoting its locally based service.
Humphrey helped Pavilion State Bank's total deposits grow by more than 50 percent in the last five years, from $90 million in 1996 to more than $140 million this year. The bank, which has six branches, has not yet announced an interim chief executive, but a decision is expected next week.
Humphrey was also chairman of the Genesee Community College Board of Trustees, having been appointed to the board in 1996 by Gov. George E. Pataki.
"He was a strong advocate of the needs of students and the wider community, and his commitment to the college was steadfast. He took a great deal of pride in being elected chairman," said Genesee Community College President Stuart Steiner.
The LeRoy resident is survived by his wife, Mary Ann; a daughter, Jamie, and a son, Wolcott.
The family is directing memorial contributions to the Genesee Community College Foundation in Batavia or the Iroquois Trail Council of the Boy Scouts of America in Batavia.