The Federal Deposit Insurance Corp. (FDIC) officially appointed Martin Gruenberg and Thomas Hoenig chairman and vice chairman, respectively.
The Senate confirmed the pair’s respective positions on Nov. 15, and President Obama signed orders making those confirmations official.
Both appointees bring extensive experience in senior regulatory positions.
Gruenberg has been on the FDIC Board since 2005 and was appointed acting chairman in July of 2011. He previously served Sen. Paul Sarbanes (D-MD) as a staff member on the Senate Committee on Banking, Housing and Urban Affairs.
FDIC Vice Chairman Thomas Hoenig previously served the Federal Reserve Bank of Kansas City as president and maintained a membership position on the Federal Reserve’s Federal Open Market Committee from 1991 to 2011.
Hoenig started at the Federal Reserve, first as an economist and then as a senior officer in banking supervision during the banking crisis of the 1980s.
