Donna A. Tanoue was sworn in today as the 17th Chairman of the Federal Deposit Insurance Corporation (FDIC).
Andrew C. Hove, Jr., who has served as Acting Chairman since June 1997, will resume his position as the agency's Vice Chairman.
Prior to being sworn in as FDIC Chairman, Ms. Tanoue was an attorney with the law firm of Goodsill Anderson Quinn & Stifel, Honolulu.
Ms. Tanoue served as the state of Hawaii's financial institutions commissioner during the state's banking crisis in the mid-1980s, engineering a rescue package for the state's underfunded thrift insurance corporation.
Ms. Tanoue also began the modernization of Hawaii's banking laws.
Ms. Tanoue is a graduate of the Georgetown University Law Center and the University of Hawaii.