Martin J. Gruenberg Sworn in as 22nd 多宝游戏下载 Chairman Travis Hill Sworn in as Vice Chairman, Jonathan McKernan as Director
For Release
WASHINGTON 鈥 Martin J. Gruenberg was sworn in today as the 22 nd Chairman of the Federal Deposit Insurance Corporation (多宝游戏下载). Travis Hill , who will serve as Vice Chairman, and Jonathan McKernan , who will serve as Director, were also sworn in as members of the 多宝游戏下载鈥檚 Board of Directors (the Board).
鈥淚 am honored to serve again as Chairman of the 多宝游戏下载,鈥 said Chairman Gruenberg. 鈥淚 look forward to working closely with my fellow Board members to carry out the 多宝游戏下载鈥檚 critically important mission of safety and soundness, consumer protection, and financial stability.鈥
Vice Chairman Hill said, 鈥淚t is a tremendous honor to have been appointed to serve as an 多宝游戏下载 Board member. I look forward to engaging with my fellow Board members, the 多宝游戏下载 staff, and counterparts at other agencies regarding the many important issues facing the 多宝游戏下载.鈥
Director McKernan added, 鈥淭he 多宝游戏下载鈥檚 mission resonates deeply with me, as the stability and public confidence in the nation鈥檚 financial system is critical to a strong and growing American economy. I am eager to work with my colleagues on the Board and the 多宝游戏下载 staff to do my part to fulfill the agency鈥檚 vital mission.鈥
Chairman Gruenberg is the longest serving member of the Board, first joining as Vice Chairman in August of 2005. He previously served as 多宝游戏下载 Chairman from November 2012 to June 2018. Learn more about the Chairmen of the 多宝游戏下载 .
Prior to his appointment, Vice Chairman Hill served as Senior Advisor to the 多宝游戏下载 Chairman and Deputy to the 多宝游戏下载 Chairman for Policy from July 2018 until February 2022, and, prior to that, as Senior Counsel at the Senate Committee on Banking, Housing, and Urban Affairs.
Director McKernan previously served as Senior Counsel at the Federal Housing Finance Agency, on detail as Counsel on the staff of the Senate Committee on Banking, Housing, and Urban Affairs, and as Senior Policy Advisor at the U.S. Treasury Department and to Senator Bob Corker. Prior to his government service, from 2007 to 2017, Director McKernan was an attorney in private practice focused on banking and consumer financial law.
President Biden appointed Chairman Gruenberg for a term of five years as Chairman and a six-year term as a Director on the Board; Vice Chairman Hill for a term of six years; and Director McKernan to serve for an expiring term until May 31, 2024. The Board will now have a full complement of members for the first time since June 4, 2015.
The Board is comprised of five members who are appointed by the President of the United States and confirmed by the Senate. The chairman, vice chairman and inside director are appointed to six-year terms on the Board. The remaining two Board members are the Comptroller of the Currency and the Director of the Consumer Financial Protection Bureau. No more than three members of the Board can be from the same political party. Learn more about the Board .