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Death: Stephen P. Terry

Our husband, father, grandfather, son, brother, and friend passed away at 5 a.m. on February 14, 1998, in Salt Lake City.

Steve was born to Allen Parshall and Ruth Woodruff Terry on October 9, 1943 and grew up in Holladay, Utah with his older sister and younger brother. He graduated from Olympus High School in 1961 and from BYU with a degree in Finance in 1966. Steve also served a mission for the LDS Church in England.On June 9, 1966 he married his sweetheart and love of his life, Cheryl Adele Brown in the Mesa, Arizona LDS Temple. They were blessed with six beautiful daughters, Parshelle (Stacy) Brimhall, Kristin, Nicole, Charmaine, Ashlee, and Lindsay. Stephen had three grandchildren, Joshua, Alyssa, and Baylee. He is also survived by his mother; sister, Lynda (Gary) Shields; brother, Michael; and numerous nieces and nephews.

Steve's final days will always be remembered for the opportunity they afforded to express and share mutual love, respect, and admiration in its purest form. Though his suffering was great, he bore it with dignity. He was meticulous in organizing his affairs before he left this world.

Steve's financial career began on Wall Street with Merrill Lynch in 1967. He also worked with Merrill for five years in California before returning to Salt Lake City and serving as Senior Vice President for Prudential Federal Savings over a ten year period. In 1981 he was an appointee to the Federal Home Loan Bank Board where he served for two years under the Reagan administration. In 1988 Steve and his partner, Jim Heitz, founded Franklin Mortgage which, when they sold it in 1994, was the largest privately owned secondary money market fund in the country. Steve assembled a large, tight circle of close friends and business associates. It is not possible to appropriately acknowledge all of them here, but the family would like to particularly thank Jim Heitz who was one of his best friends, business partner, and guardian angel.

For the last two years of his life, Steve lived in Sun Valley, Idaho. There he built a beautiful home which he loved to share with friends and family. He was passionate about business as well as snow skiing, biking, scuba diving, travel and time with his friends and family.

Funeral services will be held on Tuesday, February 17th, at 12 noon at Larkin Mortuary, 260 East South Temple, where friends may call Monday evening from 6 to 7 p.m., and Tuesday from 10:45 to 11:45 a.m. prior to the services. Interment, Holladay Memorial Park.

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