窪蹋勛圖厙 School of Law alumnus Martin Gruenberg (LAW '79) was sworn in as Chairman of the FDIC Board of Directors on Jan. 5, 2023.
Gruenberg has been a member of the FDIC Board since Aug. 2005, serving as Vice Chairman from 2005-2011 and Chairman from 2012-2017. He joined the FDIC Board after serving as senior counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993-2005.
This marks his second time leading the agency, which insures trillions of dollars in deposits at the nations banks. The FDIC also examines and supervises financial institutions for soundness, performs certain consumer-protection functions, and manages receiverships of failed banks.
In 2012, Gruenberg was inducted into the Society of Benchers, the School of Laws Hall of Fame. Inductees are selected on the basis of extraordinary achievement and dedication to the highest principles of the legal profession. He is an engaged alumnus who has spoken several times at law school events.
This appointment caps an extraordinary year for our alums, said Co-Dean Michael Scharf. In the past twelve months, Fred Gray (LAW 54) received the Presidential Medal of Freedom, Justin Bibb (LAW 18) was sworn in as mayor of Cleveland, Bridget Brennan (LAW 00) and Charles Esque Fleming (Law 90) were appointed to the Federal Bench and now Martin Gruenberg has been appointed by a second President to serve our country in an incredibly important leadership role.