William F. Faherty Jr.
Died: Aug 22, 2012

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William F. Faherty, Jr., former president of the New Jersey Chamber of Commerce who devoted his life to promoting the state and its interests, passed away peacefully on Wednesday, August 22, 2012 at his home in Allamuchy, NJ.

Born October 28, 1926 in Trenton, NJ to Anna and William Faherty, Bill was a trailblazing banking executive with First National State Bank of New Jersey, which eventually became Wells Fargo Bank. He started the state’s first government banking department, at that time only the fourth in the nation. He was also key in the passing of a bill permitting statewide banking.

His legacy offers venues that continue to bring enjoyment to millions of people. Bill was instrumental in the development of the Meadowlands, home of his beloved Giants, and the birth of gaming in Atlantic City.

A tireless public servant, Bill was often called on by New Jersey governors. Gov. Richard Hughes appointed him the deputy commissioner of the state’s Department of Banking and Insurance. Gov. Brendan Byrne named him executive director to the private sector for the first New Jersey European Trade Mission to England, France and eventually West Germany. Gov. Tom Kean chose him to be executive director of finance for the Governor’s Management Improvement Plan, a commission comprised of the finest executive talent from New Jersey’s private sector.

Bill was an avid, dependable fundraiser. As chairman of the Governor’s Invitational Tennis Tournament for 35 years, he helped bring in millions of dollars for the Robert F. Kennedy Memorial Foundation, Council on the Arts and other organizations. As trustee of the New Jersey State Police Memorial Association, he helped raise more than $2 million for its museum.

Bill was no stranger to U.S. presidents, either. As a leading state figure, he often had the opportunity to meet presidents, always presenting each with a tie featuring silhouettes of the state of New Jersey. Recipients included presidents Jimmy Carter, Ronald Reagan, George H. Bush, Bill Clinton and George W. Bush. In fact, Bill once estimated that he had handed out nearly 4,000 of these ties to friends, clients and government officials.

During his career he was a member of various boards of directors, including those for the Waterloo Foundation, NJ Delta Dental Service Plan, Hackettstown Community Hospital, Automobile Club of Central/West Jersey, and Growing Stage Theatre. He was also a member of the Battleship New Jersey Commission and the board of trustees for Rutgers Business School, Partnership for a Drug Free NJ and the Drumthwacket Foundation.

Bill was predeceased by his parents and son William F. Faherty, III. He is survived by his loving wife Saralan, daughters Faith Faherty Cust, son-in-law Jack Cust and Hope Faherty, brother Patrick H. Faherty of Delray Beach, Fla., four grandchildren and two great-grandchildren.

Visitation will be held on Sunday, August 26 between 2p.m. and 4 p.m. and again at 7 p.m. and 9 p.m. at Cochran Funeral Home, 905 High Street, Hackettstown, NJ. A mass of christian burial will take place Monday, 10 a.m. at Good Shepherd Church, Route 517, Andover, N.J.. Interment will be at the Riverview Cemetery, Trenton, N.J.. In Lieu of flowers, donations may be made to the Allamuchy-Green First Aide Squad, 25 Maple Lane, Andover, N.J. 07821 or Compassionate Care Hospice Foundation, 532 Lafayette Road, Sparta, N.J. 07871. Online condolences may be given at www.cochranfuneral.com.

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