The couple moved to Atherton in 1974.
In 1981, Thor Madsen and his business associates founded the Bay Area Bank of Redwood City.
He was a member of the Lions Club, 75 Club, Squire's Club, Elks Club, and Athletics Club. He served on the San Carlos Park and Recreation Commission for 14 years, with three years as president. He was a founding father and lifetime member of the PACE organization.
Along with raising three children, Jonelle. Madsen was active in the 75 Club, Junior Matrons, and the Atherlons. Both Madsens were active participants in the Chicken Ball, San Carlos' big theatrical production and fund raiser for the local schools.
They have three children: Barbara Woodward of Del Mar, John Madsen of Palo Alto, and Carolyn Caine of Los Angeles. They have seven grandchildren and three great-grandchildren.
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