Jeremiah O. Norton Submits Resignation as Director of the Federal Deposit Insurance Corporation — 2015-05-08

Jeremiah O. Norton submitted his resignation Friday as Director of the Federal Deposit Insurance Corporation, effective June 5, 2015. Norton, who has served as Director since April 16, 2012, submitted his letter of resignation to President Obama. "Jeremiah has been an extraordinarily effective and influential member of the FDIC Board," Chairman Martin J. Gruenberg said. "He has made major contributions to important actions by the FDIC in the wake of the financial crisis. We are grateful for his service, we will miss his thoughtful insights, and we wish him well in his future endeavors." A copy of his resignation letter is attached.