(WGEM) -- A Hamilton native who became CEO of Bank of America and president of the World Bank has died at the age of 89.
A.W. "Tom" Clausen was born in Hamilton in 1923.
He graduated from Carthage College in 1944, when it was located in Carthage, Illinois.
Clausen started working part-time with Bank of America in 1950 and worked his way up. Twenty years later, he was named to chief executive.
He was appointed president of the World Bank in 1981.
Then in 1986, he returned to serve as CEO at Bank of America.
Family members say he died last week from complications of pneumonia.
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