The Bank Slate


White House to nominate Gruenberg to serve as FDIC chair

The White House plans to nominate Martin Gruenberg to serve as chairman of the Federal Deposit Insurance Corp.

President Biden made the announcement in a Monday press release. Gruenberg has been acting chairman since Jelena McWilliams resigned in February.

Gruenberg, who joined the FDIC in 2005, is the longest-serving director in the FDIC’s history and was chairman from November 2012 to June 2018. He also served as acting chairman from November 2005 to June 2006 and from July 2011 to November 2012.

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