Princeton Times

Pieces from Princeton's Past

November 5, 2012

From the November 5, 1981 Archives - Niel tapped for banking chair

PRINCETON — Eugene J. Niel was appointed to the first academic chair to be established at Concord College. The chair in Banking and Finance was founded through the cooperation of 13 banks from Summers, Mercer, and McDowell counties.

The position, the first of its kind in West Virginia, was intended to "develop young people's interest in banking and prepare them for careers in banking."

Niel taught three classes per semester and conducted workshops for bank employees. He also conferred with bank executives to keep abreast of advances in the field of banking.

Niel came from the finance field where he was senior vice president and director of marketing and development for the American Savings and Loan Association in Albuquerque, N. M. and served in a similar capacity at banks in Ohio and Connecticut. Niel had attended universities such as Harvard, Duke, University of North Carolina, and NC State University.

Regarding his new position, Niel said, "I think that this is a mutually beneficial arrangement between the college and the banks."

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