ST. ALBANS CITY –– Richard “Rick” Manahan Jr., the ever-calm, always-generous president of the Peoples Trust Company bank, a man who set the bar for local philanthropy, died of a heart attack early Monday afternoon. He was 51.
Manahan died between 1 and 1:30 p.m. at the Kingman Street branch of the bank, which was founded by an act of Vermont General Assembly in 1886 but has become synonymous with the Manahan surname. He had just left a board meeting.
Manahan’s sudden and unexpected death practically mirrored that of his father, Richard “Vinnie” Manahan Sr., who also died following a heart attack in 1989, shortly after leaving the bank on a Friday afternoon. He was 52 and had been president for 13 years, since 1976.
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