Career
Wallace was born in Saint Louis, Missouri as Frank Valicenti, but his family changed their name when he was a youth. During World World War II, he was captured by the Germans and spent sixteen months in a prisoner of war camp. After returning to Saint Louis, he played with Raftery during the 1945-1946 season.
He was the third leading scorer in the Saint Louis Major League during the 1947-1948 season while playing with Steamfitters.
He later spent ten seasons with Saint Louis Simpkins-Ford. He was inducted into the National Soccer Hall of Fame in 1976 and the Saint Louis Soccer Hall of Fame in 1975.
He died November 13, 1979 in Saint Louis. He is buried at Resurrection Cemetery, Affton, Missouri.