Clarence Douglas Dillon (August 21, 1909 – January 10, 2003) was an American diplomat, politician, and investment banker. A Republican, he notably served as the 67th U.S. Secretary of the Treasury under Democratic Presidents John F. Kennedy and Lyndon B. Johnson from 1961 to 1965. In this role, he was instrumental in shaping economic policy, including the significant tax cuts of the Revenue Act of 1964, and played a key part in international monetary affairs. Prior to his Treasury appointment, Dillon served as U.S. Ambassador to France (1953-1957) and held various influential State Department positions, including Under Secretary of State for Economic Affairs. His career began in finance at his family's investment bank, Dillon, Read & Co., where he eventually became Chairman. Dillon was also a prominent philanthropist, particularly known for his decades-long association with the Metropolitan Museum of Art in New York, serving as its President and later Chairman, overseeing major acquisitions and expansions.
Douglas Dillon's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Served from 1961 to 1965 under Presidents Kennedy and Johnson, championing the Revenue Act of 1964 which enacted major tax cuts to stimulate economic growth, and managed U.S. international financial policy during a critical Cold War period.
Represented the United States in France from 1953 to 1957 during a complex post-war era, fostering diplomatic relations and navigating issues such as the Indochina crisis and the Suez Crisis.
Served as President (1970-1977) and Chairman (1977-1983) of the Metropolitan Museum of Art, significantly contributing to its growth, financial stability, and acquisition of major collections, including the Temple of Dendur.
Awarded the Presidential Medal of Freedom in 1989 by President George H. W. Bush for his distinguished contributions to public service and finance.
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EagleBank is a community bank headquartered in Bethesda, Maryland, established in 1998. It provides a comprehensive suite of commercial and consumer banking services to businesses, professionals, and individuals primarily in Suburban Maryland, Northern Virginia, and Washington, D.C. The bank focuses on relationship banking, offering products like commercial loans, real estate loans, business and personal deposit accounts, and online banking services. EagleBank is the parent company of Eagle Bancorp, Inc.
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