Judson “Jud” B. Douglas III

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Judson “Jud” B. Douglas III, 76, of Lincoln died on Monday, January 13, 2014 at Bryan East Medical Center from complications of epiglottis cancer. He was born in Tecumseh, Nebraska on May 29, 1937 to Judson B. Douglas, Jr. and Helen (Naeve) Douglas. He married his wife Joyce on August 20, 1977. Jud graduated from Tecumseh High School and excelled in football and basketball. He attended Wentworth Military Academy Junior College, Lexington, MO and was a graduate of the University of Nebraska, Lincoln, School of Business. He began his 50+ year career in the financial industry as a Loan Officer and Appraiser at Tecumseh  Building and Loan followed by the position of Deputy Director of the Nebraska Department of Banking. In August 1971, he became Chief of Loan Guaranty at the Veterans Administration Office in Lincoln. In 1974, Jud became Chairman and President of Bancook Corporation, a bank holding company based in Cook, Nebraska. He held similar positions in his family owned bank, Farmers Bank of Cook. During his leadership, Farmers Bank of Cook  grew from a single office of $6 million to an $88 million bank serving Southeast Nebraska with eight office locations. He was also Chairman and President of the former Farmers Bank, Lincoln; the former DeWitt State Bank, DeWitt; and First National Bank of Summerfield, Kansas. In 1995, Jud was the co-author of the banking method known as the “Phantom Savings & Loan”, which allowed over 30 banks in Nebraska to open branch offices in neighboring communities.
This led to statewide branch banking in Nebraska. Jud also served in the Army, both on active duty and in the reserves, as an Armor Officer achieving the rank of Colonel. During his military career, he served as a Reserve Company Commander in Syracuse, Nebraska and as an Operations Officer in Lincoln for the 1st Battalion, 355th Regiment, 89th Division. Colonel Douglas also served as a Staff Officer for U.S. Army mobilization at TRADOC
(U.S. Army Training & Doctrine Command) headquarters in Fort Monroe, Virginia, the Pentagon, and FORSCOM (US. Army Forces Command) headquarters in Fort McPherson, Atlanta, Georgia. At his retirement, Colonel Douglas was awarded the Legion of Merit in recognition of his 30 years of military service. Jud was a member of several organizations, which include, but are not limited to the Peru State College Foundation Board of
Directors and as Treasurer; Westminster Presbyterian Church as Elder & Deacon, Lincoln; Delta Upsilon Fraternity, UNL 1957-59; Masonic Lodge 23 in Pawnee City, Nebraska (50 year member); Sesostris Shrine, Lincoln; Board of Directors Brownville Village Theatre, Brownville; and First Presbyterian Church as Elder, Tecumseh. Jud loved his family, Husker football, hunting, and the personal,  professional, and military friendships he cultivated over the years. Jud also cared deeply about the individuals that worked within his banking network and considered  them extended family. Jud is survived by his wife Joyce, son Justin (April), granddaughters
Alexandra and Jacquelyn of Lincoln; brother Paul J. Douglas of Tecumseh; sister Judy Douglas of Madison, Wisconsin; nieces JeanMcElhaney of New Zealand and Kathi Edwards of Rockford, Illinois. He was preceded in death by his parents. Funeral services were held January 20, 2014 at Westminster Presbyterian Church with Rev. Dr. Andrew McDonald officiating. Memorials may be directed to Peru State College Foundation (P.O. Box 10, Peru, Nebraska 68421) or the Westminster Presbyterian Church Foundation (2110 Sheridan Blvd, Lincoln, Nebraska 68502). Condolences online at roperandsons. com. 
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