Caleb B. Merrell, of Herkimer Co., who both fought in the American Revolutionary War.
[6] Clement attended the State Normal School and then Yale University, where he was a member of Scroll & Key and where he graduated from in 1882.
[6] He spearheaded the construction of the Bank's headquarters, the Marine Trust Building, designed by his friend, Edward Brodhead Green (1855–1950), a prominent Buffalo architect.
[7] After a heart attack slowed him down in 1911, he decided to divest his 30% share of to Marine Bank, selling in 1913 shortly before his death, to Seymour H. Knox I, a founder of the F. W. Woolworth Company.
[9][10] The house, which cost $300,000 to erect, was donated by his widow to the American Red Cross in June 1941.
[11] In 2017, The Buffalo Philharmonic Orchestra and the American Red Cross, Western New York Chapter, announced that local developer and philanthropist John Yurtchuk would purchase the property at 786 Delaware Avenue and would donate the campus centerpiece, the Clement Residence, to the BPO as a gift to the orchestra's Crescendo Campaign.
[6] Following his death, his family donated $80,000 in June 1914 to endow the "Stephen Merrell Clement Chair of Christian Methods in the School of Religion" at Yale.