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The Financial Managers Society was formed in 1948 when a group of Controllers from the Chicago area banded together and formed the Society of Savings and Loan Controllers.
The New York/New Jersey Chapter of the Financial Managers Society was formed shortly thereafter. Theodore Theban of Bankers Federal Savings and Loan served as the first President of the NY/NJ Chapter in 1949.
To enhance the professional development of financial personnel within financial institutions.
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