Ernesta G. Procope

American investment banker and insurance executive
The basics

Quick Facts

IntroAmerican investment banker and insurance executive
A.K.A.Ernesta Gertrude Procope
A.K.A.Ernesta Gertrude Procope
PlacesUnited States of America
wasBusinessperson Financial professional Banker Investment banker
Work fieldBusiness Finance
Gender
Female
Birth9 February 1923, Brooklyn, New York City, New York, USA
Death2021 (aged 97 years)
Star signAquarius
The details

Biography

Ernesta Gertrude Procope (née Forster) (2 September 1923 – 30 November 2021) was an American investment banker and insurance executive who was the head of the largest insurance agency run by a Black woman. Ernesta Gertrude Forster was born on Feb. 9, 1923, in Brooklyn and was raised in Bedford-Stuyvesant. As a child, she played the piano and performed once at Carnegie Hall.

She founded the commercial insurance brokerage firm E. G. Bowman, Inc. in 1953, naming it after her husband who had died the previous year. In 1977, E. G. Bowman became the first African American owned business to be located on Wall Street. She was also the chairperson of the board of directors at Adelphi University. An investigation of the school's finances showed that it was a customer of E. G. Bowman. For this conflict of interest, she, the president, and sixteen other members of the board were removed from their posts.

In 1972, she presented with the Woman of the Year Award by then First Lady, Pat Nixon.

She died on 30 November 2021, in Queens, New York, at the age of 98.

The contents of this page are sourced from Wikipedia article on 18 Nov 2024. The contents are available under the CC BY-SA 4.0 license.