W. Paul Stillman School of Business - History

History

The Stillman School was founded in 1950 and welcomed its first class in the Fall of 1950, when it also granted its first baccalurate. The school's namesake is W. Paul Stillman (1897–1989), deceased banker and insurance executive. Mr. Stillman received six honorary degrees and led several banking and insurance companies. He was former chairman and chief executive of First National State Bank, one of New Jersey's largest; a director of its successor, First Fidelity Bank, and honorary chairman and life director of First Fidelity Bancorporation. In 1938, he was named to the board of directors of the Mutual Benefit Life Insurance Company and in 1946 became its chairman and chief executive. The bank, insurance company, and himself provided a combined $1 million gift to Seton Hall University in 1973 to found the W. Paul Stillman School of Business Administration.

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