The Federal Deposit Insurance Corporation (FDIC) on Friday honored former Chairman Sheila C. Bair at a ceremony to dedicate the Sheila C. Bair Auditorium at the agency’s L. William Seidman Center in Arlington, Va. Former Chairman Bair as well as all of the FDIC’s current board members spoke at the event. The Board members commended Bair for her years of public service, particularly for her leadership during the recent financial crisis.
“Chairman Bair was a strong leader who led the FDIC during one of the most difficult times in the agency’s history,” FDIC Chairman Martin J. Gruenberg said. “Under her leadership, the FDIC protected depositors, worked to stabilize the financial system, and promoted the strengthening of regulatory standards for financial institutions. Her legacy continues at the FDIC and we are grateful for her service.”
Bair was the 19th chairman of the FDIC, serving from June 2006 until July 2011. She is currently president of Washington College in Chestertown, Md.