Gene Donovan, 63, prominent in Utah and national savings and loan organizations and a community worker, died Oct. 22, 1988, at his Salt Lake home of cancer.
He was chairman of Olympus Capital Corp., formerly Prudential Financial Services Corp., and chairman and chief executive officer of the subsidiary Prudential Federal Savings and Loan Association at the time of his death.Mr. Donovan was well-known for his civic service, including playing a key role in 1966 in Utah's first bid to become a site for the Olympic Games. He was treasurer of Olympics for Utah Inc. when it received U.S. Olympic Committee approval to seek the 1972 Winter Games before the International Olympic Committee in Rome.
He was chairman of the Red Cross' disaster fund and of the Young Men Christian Association building drive. In 1970 he was elected president of the Utah United Funds; was a member of the board of Pro-Utah Inc.; a trustee and board chairman of Blue Cross of Utah; a member of the Holy Cross Hospital Lay Advisory Board; a member of the executive committee, Salt Lake Chamber of Commerce Board of Governors; the Salt Lake Country Club, Alta Club and Bonneville Knife and Fork Club.
Mr. Donovan directed Prudential Federal Savings through a major period of growth during the 1960s and 70s. In the late 1970s he oversaw moving headquarters of the savings and loan firm to its suburban office at 33rd South and State streets when new home construction was mushrooming in south Salt Lake County.
In 1982 he spearheaded a plan of reorganization that resulted in formation of Prudential Financial Services Corp., a holding company. It is now doing business as Olympus Capital Corp. Two years ago he was elected to the board of the Association of Thrift Holding Companies, Washington, D.C.
A reception for Mr. Donovan's friends will be held at 5 p.m. Tuesday at the corporate offices of Prudential Federal Savings, 127 E. 33rd South. In lieu of flowers, his family requests that donations be made to the Holy Cross Hospital Foundation or the American Cancer Society.