President Joe Biden announced his intent to nominate Martin Gruenberg to serve as chair and member of the board of directors of the Federal Deposit Insurance Corp. (FDIC).
Gruenberg is currently serving as acting chair and member of the board of directors of the FDIC. He has served as acting chair since former chair Jelena McWilliams resigned in February. This has been his third time serving in the top spot of the FDIC since he joined the FDIC board in 2005.
If his nomination is approved by the Senate, it would also be his second time as confirmed chair of the agency, having previously been appointed and confirmed for a five-year term in 2012 under President Barack Obama.
Before joining the FDIC board, Gruenberg served as senior counsel to Sen. Paul Sarbanes (D-Md.) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993 to 2005. He also served as staff director of the Senate Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992.
Gruenberg holds a J.D. from Case Western Reserve University School of Law and an A.B. from Princeton University.