Jack E. Ormsbee

Memorial Services for Jack E. Ormsbee will be held Saturday, August 25, 2007 at 11:00 A.M. at Grace Chapel, 8505 So. Valley Highway in Englewood. A private family interment will take place at Fort Logan National Cemetery.

Mr.Ormsbee, of Littleton, passed away August 19, 2007 at the Life Care Center of Littleton after an extended illness.

Mr. Ormsbee was born on September 13, 1922 in Nevada, Missouri to Gladys Bratton Ormsbee and Howard Elliot Ormsbee. He attended schools in Kansas City, Missouri, graduating from Westport High School in 1939. Mr. Ormsbee attended Kansas City Missouri Jr. College in 1940 and also attended the University of Texas at Austin in 1941.

He enlisted in the U. S. Army Air Corps in August of 1942 and was called to active duty in February of 1943. He was honorably discharged in February of 1946, attaining the rank of Staff Sergeant.

Mr. Ormbsbee finished his education at Denver University graduating in August, 1948 with a BS BA in Finance, and also continued with graduate courses.

Mr. Ormsbee was an Investment Banker and Underwriter of Municipal Bonds and Leases.

He married Janelle Koppert in 1948. To this union were born two children, Deborah and Gary. The couple were later divorced. On September 9, 1990 he married Claudia Troxell "the love of his life."

Mr. Ormsbee was involved in the fist Advance Refunding done successfully in the western U.S. He negotiated and helped structure a substantial refunding bond issue for Gallup, New Mexico Utilities.

He pioneered and developed the concept of Municipal Lease Financing in the U.S. which gave Municipal Corporations an additional method to use in financing essential equipment and real property projects.

Mr. Ormsbee started in the securities business with a local firm, Peters, Writer and Christensen, Inc., while going to the University of Denver. Approximately eight years later he helped form a company "Kirchner, Ormsbee and Weiner, Inc." This company was sold and he opened an office in Denver and Albuquerque, New Mexico for a Kansas City, Missouri firm, Stern Brothers & Company.

In later years Mr. Ormsbee was associated with several other corporations including Merrill Lynch subsidiary involved in Private Placement Financing of Corporate Debt.

Among deals he originated and completed were a $10 million dollar private placement for Gates Rubber Company and two $5 million dollar financings for Phillips Petroleum Company for new service stations.

In 1971 Mr. Ormsbee talked to John Walton in Tulsa regarding financing for Wal-Mart.

In the 1970's he organized his own golf tournament called the "O-O" (Ormsbee-Open) this was by invitation only. The tournament was held each year at the Garden of the Gods Country Club in Colorado Springs. One year the President of Morrison-Knudsen Construction Company (headquarted in Boise, Idaho) was to participate but about 2 to 3 days before coming to Colorado from Boise, he was drowned by driving into a canal.

During his golfing days Mr. Ormsbee won several handicap tournaments or placed in the top of his flight.

In 1959 he was one of the original members of Pinehurst Country Club. In 1963 he joined the Cherry Hills Country Club, and went on to win the Cherry Hills County Club A & B tournament three different times with three different partners. In 1973 Mr. Ormsbee was General Chairman of the "HILLSDILLY", an invitational golf-tournament held annually attended by many celebrities.

In 1957 he started the Broadmoor (in Colorado Springs) Tennis Doubles tournament, and won the men's division twice, father and son once and in 1969 I won the Senior division.

Survivors include his wife, Claudia; his two children, Deborah A. Ormsbee Trujillo (husband Michael) of Denver, CO and Gary S. Ormsbee (wife Alison) of Monument, CO; four grandchildren, Abby, Paul, Kate and Becka; and one sister, Margaret E. Rumsey, of Lawrence, Kansas.

Those who wish may make memorial gifts to the Grace Chapel in Jack's memory.