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From Banking and Finance Law Daily, April 27, 2018

FDIC Vice Chair Thomas Hoenig to step down

By Lisa M. Goolik, J.D.

After serving his six-year term as Vice Chairman and a Member of the Board of Directors of the Federal Deposit Insurance Corporation, Thomas M. Hoenig will step down on April 30, 2018. In the FDIC’s announcement, Hoenig said that it has been an "honor and a privilege" to serve the public and the FDIC.

Prior to joining the FDIC Board in April 2012, Hoenig was the President of the Federal Reserve Bank of Kansas City and a Member of the Federal Open Market Committee from 1991-2011.

FDIC Chairman Martin Gruenberg thanked Hoenig for his service, adding, "Tom has been a forceful advocate for strong, independent financial regulation and has contributed enormously to the mission of the FDIC during his time as Vice Chairman. The FDIC was fortunate to benefit from his service."

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