FDIC Chair Martin Gruenberg to Step Down in January

American Banker
Tuesday, November 19, 2024

"Federal Deposit Insurance Corp. Chairman Martin Gruenberg — the agency's longest serving board member — said Tuesday that he would retire from the agency in January.

In an email sent to staff, Gruenberg said he had given President Biden notice that he plans to retire as chairman and member of the board of directors of the FDIC effective Jan. 19, the day before President-elect Donald Trump is sworn in."