Rankin M. Smith, Sr.

Rankin M. Smith Sr. (October 29, 1924 – October 26, 1997) was an American businessman and philanthropist. A longtime resident of Atlanta, Georgia, Smith was very active in the Atlanta community. Smith served as president of the Life Insurance Company of Georgia from 1970 to 1976. Smith was also the founding owner of the National Football League’s Atlanta Falcons.

Smith was born October 29, 1924 in Atlanta, Georgia. He attended North Fulton High School. Following high school, he spent one year at Emory University, then transferred to the University of Georgia. While at the University of Georgia he was a member of Chi Phi Fraternity. Following graduation he began working as an executive at Life Insurance Company of Georgia. He ascended to the position of president and chairman of the board in 1970. He retired in 1978. Smith was married twice. First, to the former Miriam "MeMe" Wellman (1945-1974) with whom he fathered five children: Rankin, Carroll, Dorothy Ann, Taylor and Karen. These five were the genesis behind the corporate name of the Atlanta Falcons Football Club, The Five Smiths, Inc. In 1976, he married Charlotte Topping, the widow of former New York Yankees owner Dan Topping. He died on October 26, 1997, from complications resulting from heart failure.

In 1965, the unexpectedly successful American Football League wanted to expand to Atlanta. Smith, then an executive vice president at the Life Insurance Company of Georgia, was awarded an AFL franchise, but reneged on his agreement when the older National Football League offered him a franchise. He paid $8.5 million on June 30, 1965 for an NFL team based in Atlanta. Smith secured exclusive rights to Atlanta-Fulton County Stadium, where the Falcons played for 26 seasons. Smith was instrumental in the construction of the Falcons’ next stadium, the Georgia Dome, threatening to move the Falcons elsewhere if a new stadium was not built. When Smith backed out from the AFL agreement, the AFL franchise was then awarded to Miami.

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