The Success Story of Dr. Allen W. Croessmann '68
"I look back on my MacMurray years with great fondness. It was a transformational experience. I learned about the world, and I learned about myself. Not a day has gone by since I graduated when I haven't brought some lesson I learned at MacMurray to my career and to my life."
Dr. Allen Croessmann graduated summa cum laude in 1968 with a bachelor of art degree in history. While at MacMurray, he was editor of the school newspaper, The Highland Times; a member of the Order of the Tartan; served on the Executive Council; elected to Who's Who in American Colleges and Universities; and worked as a teacher's assistant in the history department.
After graduating from MacMurray College, Croessmann joined the Army where he was in Military Intelligence. He served his country in Korea.
He earned his masters in 1972 and his doctorate in 1976 in English history from Harvard University. In 1975, he entered the banking industry and was business director for Citibank's proprietary mutual funds in the United States. During a 17-year career at Citibank, he managed the Wall Street branches for several years, the discount brokerage business, the bank's Tax Shelter Center, and Citibank Focus, a combined banking and securities relationship account. He helped to launch the bank's investment sales program across the country, oversaw the development of the Citi-One Account, and managed Citibank's branch network in upstate New York.
From 1992-1998, Croessmann worked for the Bank of Boston in various roles. While there, he held the office of Director of Mutual Funds and was also responsible for the bank's retail marketing activities. In 1998, Croessmann retired as the managing director for retail and investment services and as president of 1784 Investor Services, Inc., the Bank of Boston's brokerage subsidiary.
Croessmann has testified before the House Banking Committee on banking reform and chaired the investment committee of the Consumer Bankers Association.
Croessmann joined the Board of Trustees in 1996 and served as chairman from 2003 to 2012.