A founder of First USA Bank is exploring a bid for president, Philly.com reported.
Richard “Dick” Vague made his fortune after moving from Texas to Wilmington to help launch First USA, which was later sold to Bank One, now JPMorgan Chase. He went on to co-found Juniper, a Wilmington banking start-up that was sold to Barclays.
Over the years, Vague been dipping his toe into the political sphere.
Vague, who now resides in Philadelphia, is a former Republican who later became and independent and is now a Democrat. He has weighed in on political and economic issues over the years while heading Gabriel Investments, a company based in Philadelphia.
According to the Philly.com story Vague became despondent over Hillary Clinton’s loss to Donald Trump and launched research efforts in determining how candidates could apparel to middle class voters.
The former banker, who has received advice from former Pennsylvania Gov. has since looked at the possibility of running for president as a moderate Democrat.
One question is whether another moderate, former Vice President Joe Biden, will enter the race.
As a U.S. senator, Biden had ties to the banking industry. He is best known for his relationship with the late MBNA co-founder Charles Cawley.
Click for the full story from Philly.com.
