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Banking on Lamar's future (Mason)

Elvis Mason
From the small town of Vivian, La., to the highest echelons of the banking industry, Elvis Mason ’59 has achieved success beyond the most grandiose dreams of childhood.

Timing and circumstance directed him to Lamar University, whose influence on his life, he says, is “total.”

“I give Lamar credit for everything I’ve done in my professional career because it all started here. The foundation I derived from attending Lamar has been wonderful – and I say that from the perspective of a 52-year relationship,” said Mason, now retired and living in Dallas with Joan, his wife of 47 years, just a few blocks away from one son and two of their three grandchildren.

“The relationships I developed at Lamar directed me toward banking, toward John Gray,” he said. “I stayed in Texas and married a Texas girl, so I guess you would say my entire life flowed from my being at Lamar.”

The impact of Mason’s life on Lamar University has been phenomenal. He served on the Lamar board of regents from 1974 to 1978, was honored as a distinguished alumnus in 1974, was awarded an honorary doctor of laws in 1982, and, in 2003, was one of the first inductees into the Business Hall of Fame. In 1981, he spearheaded efforts to construct the John Gray Institute – now the John Gray Center – in which the Elvis Mason Conference Room now honors him. Now retired as co-founder and managing partner Mason Best Co., he serves as honorary chairman of the university’s campaign cabinet.

“I know from first-hand experience there is nothing more important in Southeast Texas than Lamar University,” Mason said. “Lamar University is the epitome of a university that really adds to people’s lives. This campaign can make the difference between an average university and what it can become when it has the funds available to supplement its overall academic mission.”

Elvis Leonard Mason was born Oct. 4, 1933, in Vivian, La. The third of five children, he graduated from high school in Vivian and then served four years in the Army infantry.

During a visit to his mother, who had moved to Beaumont, he abandoned plans to attend Louisiana State University and enrolled at Lamar State College of Technology. Mason’s Lamar years proved a harbinger of his career. He served in a number of leadership roles – including president of his freshman class and the Student Government Association – and developed associations with members of the administration and faculty that would serve him well. He was president of the Cavaliers – predecessor to Alpha Tau Omega, which he served as charter president – and was inducted into Delta Sigma Pi business honor society and Phi Kappa Phi National Honor Society. In 1958, he was crowned “king of Lamar Tech.” Mason earned his bachelor of business administration in economics and went on to receive a Rotary International Fellowship, spending a year at Rhodes University in South Africa.

“Even in the old days, when we were all Lamar Tech undergraduates together, we never doubted Elvis was destined for greatness,” said classmate Ellen (Walker) Rienstra ’62. “On campus, he inspired confidence on the part of students and faculty and always employed his formidable mind, charismatic presence, capability and leadership qualities to the good. To those of us who knew him ‘back when,’ his towering achievements have come as no surprise.”

Mason’s valued his opportunity not only to pursue a degree but also to become involved in student life and get to know the administration. F.L. McDonald was Lamar president at the time, and the two worked together on a number of projects. As student body president, Mason led the charge to name the newest building on campus – McDonald Gym – in honor of the longtime president. Richard Setzer, who would succeed McDonald, was dean of the College of Business and Mason’s primary academic advisor. Many of those he met steered him toward John Gray. One of them was head librarian Julia Plummer. “She told me, ‘I’d like for you to meet John Gray. If the two of you will meet, I believe you’ll have a very longterm relationship.’”

Mason well remembers the day he met the man who was to become his mentor and friend. “I went to the bank and had a visit with him, and he was so gracious. He asked me if I could spare the time to go to lunch with him – and obviously I could.”

After Mason returned from abroad and joined American General Insurance as branch manager, Gray asked if he had considered banking. Mason decided the time was not right, but, two years later, while working in Corpus Christi, “I decided banking would be an arena that would fit me better than the one I was in.” So Mason got in touch with Gray.

“He offered me the job and, after a few days, we made the decision to move to Beaumont. We had one child, who was about 6 months old at the time, so that was a significant move for me – and how I got my start in banking.

“He took me under his wing and helped me develop,” Mason said. “He counseled me about going to graduate banking school (Stonier Graduate School of Banking at Rutgers University). He also helped launch me in terms of civic work and relationships in the community. He was a terrific gentleman and a great coach.”

Mason began his First Security career as assistant to the president, moving through the ranks to become executive vice president and member of the board of directors. When Gray retired (and began his second Lamar presidency), Mason succeeded him as board chairman and chief executive officer. Mason went to Dallas as vice chairman and director of International Bancshares, parent company of First National Bank in Dallas, then the largest banking organization in Texas. He moved to First National Bank as president and CEO, then became chairman and CEO. He and fellow Lamar alumnus Randy Best ’67 co-founded the merchant banking firm Mason Best in 1984.

Over the years, Mason served on several corporate boards, including Texaco, and was active in the city and points beyond. He served as chairman of the Dallas Citizens’ Council, made up of CEOs from major companies. Other affiliations include trustee, The Dallas Foundation; president, board of trustees, St. Mark’s School of Texas; and member, Council on Foreign Relations in New York.

Among outside interests, Mason was a tennis enthusiast for many years. Double knee replacement surgery several years ago ended that pursuit, but he loves to read, and he and Joan enjoy traveling. They are active in First Presbyterian Church of Dallas.

The insistence of his roommate’s girlfriend when he was a Lamar student led Mason to meet and marry Joan Baker– which he calls “the best decision I ever made.”

While vacationing one summer near Cape Cod, his friend met a young woman entering her freshman year at Southern Methodist University. The two continued dating, and she visited Beaumont. “She said to me, ‘I have a sorority sister who, if the two of you ever met and dated, you’d get married.’ I told her that was hard to believe. She went back to Dallas and wrote a note to Joan about how we should get together – and literally stayed after us until we started dating. And, as she predicted, we did get married.”

Joan Baker Mason graduated from SMU where she was president of Kappa Kappa Gamma sorority. In Beaumont and Dallas, she has been active in many community and church affairs. And, Mason adds, “She’s been involved with Lamar for a long, long time, through me, so she feels like she belongs to Lamar. She has been a marvelous wife and a wonderful mother.”

The Masons have three children, Ross, of Dallas; Greg, of Athens, Texas; and Jo Ellen, of Durham, N.C.; and three grandchildren. Greg is a 1991 Lamar graduate with a degree in applied arts and sciences. Mason has supported Lamar University “almost from the start,” he says. “When I came back to Beaumont and joined the bank, I began to pick up on things going on at Lamar and began working with the Alumni Association. I later served on the board of regents with an appointment from Gov. Dolph Briscoe. Even before that, I knew (regents’ chairman) Otho Plummer well. My involvement with Lamar flowed through all of those activities.”

Mason served on the board with two of his best friends, George Dishman and Mark Steinhagen. “He has always had a warm spot in his heart for Lamar,” said Dishman, his friend of 40 years. “He was always a promoter – of Beaumont, the Chamber of Commerce, Lamar University – doing anything he could to improve lives or the climate of the community.”

Asked to describe Mason in four words, Dishman replied: “articulate, analytical, organized and persuasive.” He added, “He has a great mind and has done phenomenal things.” Steinhagen met Mason in the 1950s when he was part of an ATO team from the University of Texas assigned to initiate the Lamar chapter. “If I made a list of people I know in terms of ability and leadership, he would be at the very top,” Steinhagen said.

Mason’s steadfast support of Lamar has spanned more than half a century. He believes the university’s impact will span centuries to come. Lamar occupies a unique position in the region, and the time is right to ensure that it continues on the path of academic enhancement, he said. “Under Jimmy Simmons’ leadership, the university is in the best position to grow and excel that I’ve seen.”

When alumni provide financial support for a university dependent on public funds, they do everything from enhancing the quality of the faculty it can attract and retain to providing a wide range of scholarships, said Mason. Private funds are essential, he said, and Lamar is a great investment because it means investing in students.

“Lamar University is important in Southeast Texas for almost every reason you can think of – economically, culturally, government relationships and as a place where people can come together for planning that affects the entire region. I believe this is the right time for a comprehensive campaign because it is in such a positive period of growth and development.”
 
 
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