Gruenberg to step down as FDIC chairman in mid-January

Martin Gruenberg has set a date for his retirement as chairman of the Federal Deposit Insurance Corp.

Gruenberg, in an internal note to the agency’s employees, said he plans to step down on Jan. 19.

“Over the coming weeks I hope to have the opportunity to speak with many of you and thank you personally for your service,” he added. “Bur for now allow me to extend my gratitude to all of you.”

Gruenberg said in May that he would be willing to step down after a successor is confirmed. That comment came after he had endured intensifying calls to step down.

Calls for Gruenberg to step down followed the release of an independent report that detailed multiple workplace misbehavior issues at the FDIC. The report also called into question Gruenberg’s temperament.