Edgar C. Felton

STONINGTON and FALMOUTH—On Jan. 25, 2010, Edgar C. Felton, known as “Ned,” died peacefully at his new winter home in Falmouth. He battled his cancer for 10 years with courage, acceptance and good humor even though his condition deteriorated rapidly this last year.


Born in Framingham, Mass., in 1934, he spent most of his school years in Westwood, Mass. He attended Dedham Country Day School, graduated from Milton Academy and Harvard College. He then ventured South to the University of Virginia Business School in Charlottesville and continued making North/South friendships, which had begun in his younger days at his beloved Camp Pasquaney in New Hampshire, founded to promote such relations after the Civil War. His oldest grandson will attend the camp this summer. After finishing business school, Ned married Molly McBride in 1959, and they discovered that one of the “perks” was that they had many mutual southern connections since she was half Virginian!

Ned worked as a paper salesman for Tileston and Hollingsworth Paper Co. (now part of Penobscot Paper), working from Farmington, Conn. In 1960, Ned joined Morgan Guaranty Trust Co. and commuted from Bronxville, N.Y., into the city. He continued with the bank and moved to Princeton, N.J., where he chose international banking as his career path. In 1965, Ned moved his growing family to Brussels, Belgium, to work at Morgan’s Branch there — a challenging and wonderful five-year cultural adventure for all. After the next five years stateside, Ned was seconded by Morgan in 1975 to become the first executive director of Saudi International Bank. Even though it was controlled by the Saudi Central Bank, it was managed by Morgan, and its purpose was to be a small, multinational, successful London Merchant Bank, which would eventually train Saudis in international banking. It was the highlight of his career — running this bank with Italian, French, German, Swiss and English bankers – peers. There was much travel involved including not only the Middle East but also South America, Africa, Europe, and even Asia. Returning to the States in 1980, Ned eventually left Morgan in 1984 to run consecutively two small New York offices of foreign banks — the last being the Bank of Bermuda, New York Ltd.

He retired in 1999, only to find out that he had cancer that first summer of retirement in Maine. Ned’s Maine experience started early, beginning in 1946 visiting friends and family in North Haven. While in college, he and other college baseball players formed a team called “the Collegians”! They joined a twilight league and played at the old ballfield at Deering Oaks in Portland. He sold Fuller brushes during the day and played baseball in the evenings that summer of 1953. Later, he and his family rented on both Little Cranberry Island and Isle au Haut during several summers in the ’60s and ’70s. Many hours were spent in a chartered Marshall Cat exploring the islands of Merchants Row. In the 1980s, Ned and Molly chartered boats during various vacations out of Camden and continued to explore Penobscot Bay and East beyond Schoodic. They bought their house in Stonington in 1988, summering there and moved year round to Burnt Cove in 1999. Ned was a family man, and his children and grandchildren were the ‘light of his life’ in these last years. He enjoyed being able to serve the community in a volunteer capacity, which he had not had the time to do during his business life. However, almost every day during the warmer months, one could find Ned at the helm of the Osprey. He loved being on the sea, felt at home on the sea, and wanted to share his love affair with the sea and sailing with anyone who wanted to come on the boat with him.

Ned is survived by his wife, Molly, of 50 years; three daughters and sons-in-law, Hannah and John Lyons, Sarah and Mark Manasas, Meg and Steve Staunton; seven grandchildren, Rachel, Molly, Conway, Archer, Redmond, Eliza, and Nora; a sister and brother-in-law, Rachel and George Mullen; and nieces, a nephew, and great-nieces and nephews.

A celebration of his life will be held 11 a.m. June 19, 2010, at St. Brendan the Navigator Episcopal Church, North Deer Isle. In lieu of flowers, please donate to either the Island Pantry, P.O. Box 12, Deer Isle, ME 04627, the Opera House Arts at the Stonington Opera House, P.O. Box 56, Stonington, ME 04681 or to VNA Home Health & Hospice, 50 Foden Road, South Portland, ME 04106.

Know when to pay your respects.