BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
Federal Deposit Insurance Corporation (FDIC)
Director
Paul GrinbergNumber of Employees 2,500
Contact Information
550 17th St Northwest
Washington, District of Columbia 20429
(202) 736-0000
Peer Companies
NAICS Code Public Finance Activities: 921130
Recent Events
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Clark Street Capital to Sell $200 Million Chicago Portfolio
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Video: Bair on FDIC's New Bank Pay Plan
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Stocks sink on earnings woes
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Washington Federal Acquires Loans and Deposits of Horizon Bank of Bellingham, Washington
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Charter Financial Adjusts Fiscal 2009 Earnings
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Heritage Financial Group Completes Purchase of Lake City Branch
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Now’s the time for 
your business plan
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Research Reports
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Paulson-Backed OneWest Turns Remains of IndyMac Into Rescuer
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Hancock CEO: We intend to grow
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Bank gets new owner, name
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Regulator closes First Federal Bank of California, names FDIC receiver
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Hancock Bank takes over failed Peoples First, makes big move into Florida
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Financial crisis steering more banking business to smaller institutions
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Benchmark banks now operating as MB Financial Bank
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Regulators seize Benchmark Bank
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Market Report -- In Play ()
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State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of First Security...
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MB Financial Bank, National Association, Chicago, Illinois, Assumes All of the Deposits of Benchmark Bank,...
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Two Georgia banks fail, national tally reaches 126
News & Analysis
Filter by
board and fdic and government - All News and Analysis
Blind risk: The failure of Superior Bank
Just a few years ago it was an industry high-flier. Now Superior Bank FSB has become the costliest thrift failure in a decade. What went wrong, and why? A lack of board oversight has emerged as a major culprit. by JOHN R. ENGEN IT WAS LIKE A SCENE from...
Proposed Action - Brief Article
The Federal Reserve Board on February 3, 2000, voted to request comment on a new regulation implementing the privacy provisions of the Gramm-Leach-Bliley Act. Regulation P Privacy of Consumer Financial Information would apply to institutions regulated by the Board, including bank holding companies, financial holding companies, state-chartered banks that...
thrift crisis and the Constitution, The
In August 1995, the United States Court of Appeals for the Federal Circuit decided Winstar Corp. v. United States.' That case held that the federal government breached contracts with a number of thrift institutions when Congress, in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 FIRREA,2 abrogated the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Paul Grinberg | Director |
| Roger B. Porter | |
| Peter Ramsberger | |
| Barry H Fromm | President |
| James D. Collins | Special Advisor to The Chief Operating Officer |
| Jodey C. Arrington | Chief of Staff |
| Julie Williams | First Senior Deputy, Compliance & Chief Counsel |
| Michael E. Bartell | CIO & Director, Info Technology |
| Richard A. Brown | Chief Economist & Assistant Director, Business Operations |
| Terrie J. Franks | Special Assistant to The Chief Operating Officer |
| Alice Goodman | Director, Legislative Affairs |
| Anthony Lowe | Deputy Reg Director, Compliance |
| Arthur J. Murton | Director |
| Barbara A Ryan | Assoc Director, Insurance & Research |
| Christopher E. Aiello | Associate Director |
| Christopher Spoth | Reg Director |
| D.J. Nordquist | Director, Public Affairs |
| Daniel E. Frye | Director |
| Editorial Section | Assistant Director |
| Frederick Selby | Director, Finance |
| Gail Verley | Senior Advisor to The Director |
| James D. Lapierre | Regional Director |
| James H. Angel | Director, Enterprise Risk Management |
| Jill A. Ballina | Special Assistant to The Associate Director |
| John C. Dugan | Director (Director, Comptroller of The Currency) |
| John R. Carter | Reg Director, Consumer Protection & Supervision Division |
| Large Institutions | Associate Director |
| Margaret M. Myers | Special Assistant to The Director (Acting) |
| Mark C. Schmidt | Reg Director, DSC |
| Media Section | Assistant Director |
| Michael Zamorski | Director, Consumer Protection & Supervision Division |
| Nancy Hall | Reg Director, Atlanta |
| Rae-Ann Miller | Special Advisor to The Director |
| Ronald F. Bieker | Reg Director, Resolutions & Receiverships |
| Sandra L. Thompson | Director |
| Scott Polakoff | Reg Director, Chicago |
| Stan Ivie | Regional Director |
| Susan M. Madson | Area Director, Risk Management |
| Thomas E. Zemke | Deputy to Director & Comptroller |
| Thomas J. Dujenski | Regional Director |
| Tina Queen | Administrative Assistant to The Director |
| Tracie D. Lee | Special Assistant to The Director |
| William Kmetz | Assistant Director |
| Chris T Blum | Examiner |
| Deposit Compliance | Manager |
| Hugh Dunkerley | Manager |
| Susan Koepp | Internal Risk Manager |
| Timothy B. Collins | Asset Manager |
| Amy J Tepen | Examiner |
| Andrew J Comly | Appraiser |
| Louise M. Parent | |
| Terry J Jorde |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arleas Kea | Board of Directors |
| Martin Gruenberg | Vice Chairman |
| Mitchell Glassman | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Encore Capital Group, Inc. | Cfo | Current |
| McM: Corporate Governance | Executive Vice President, Chief Financial Officer and Secretary | Current |
| Encore Capital Group, Inc. | President, Finance | Current |
| Ascension Capital Group | Executive Vice President and Chief Financial Officer | Current |
| MCM Capital Group Incorporated | Executive Vice President and Chief Financial Officer | Current |
| BofI Holding, Inc. | Chair of the Audit Committee | Current |
| Federal Deposit Insurance Corporation | Director | Current |
| Bank of Internet USA | Board of Directors | Current |
| BofI Holding, Inc. | Member of The Board of Directors | Current |
| Encore Capital Group, Inc. | Treasurer | Current |
| Encore Capital Group, Inc. | Vice President, Finance | Former |
| Encore Capital Group, Inc. | Executive Vice President | Current |
| Deloitte & Touche LLP | Former | |
| Columbia University | MBA | Former |
| Yeshiva University | Bachelor's Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Packaging Corporation of America | Director of Pca | Current |
| Select A Unit Size | Lead Independent Director | Current |
| Tenneco Automotive, Inc. | Senior Scholar | Current |
| National Life Insurance Co | Current | |
| Federal Deposit Insurance Corporation | Current | |
| Extra Space Storage Inc. | Board of Directors | Current |
| Pactiv Corporation | Board of Directors | Current |
| National Life Insurance Company | Director | Current |
| Tenneco, Inc. | Director | Current |
| Select A Unit Size | Director | Current |
| Zions Bancorporation | Board of Directors | Current |
| White House Historical Association | Board of Directors | Current |
| Tenneco Automotive, Inc. | Board of Directors | Current |
| Gerald R. Ford Foundation | Board of Directors | Current |
| Packaging Corporation of America | Board of Directors | Current |
| Gerald R. Ford Foundation | Trustee | Current |
| NYNEX | chief executive officer | Former |
| Woodrow Wilson International Center for Scholars | Senior Scholar | Former |
| Harvard University | IBM Professor of Business and Government | Former |
| Harvard University | PhD in | Former |
| Harvard University | Master of Dunster House | Former |
| Brigham Young University | BA degree | Former |
| University of Oxford | B.Phil. degree | Former |
| Brigham Young University | BA degree | Former |
| Organization | Position | Status |
|---|---|---|
| Human Resources Research Organization | Manager | Current |
| Federal Deposit Insurance Corporation | Current | |
| National Aeronautics and Space Administration | Current | |
| Federal Aviation Administration | Current |
Barry Fromm is President of Value Recovery Group, Inc., an asset management and recovery firm that services assets in partnership with the FDIC. Mr. Fromm has managed the successful collection of several billions of dollars of aggregate debt portfolios. He previously managed the financial institutions consulting practice of PriceWaterhouseCoopers in the Ohio Valley region, was Senior VP and Counsel for Mid-America Federal Bank, and is recognized as one of the leading asset managers and recovery specialists in the U.S. for the RTC and FDIC.
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | President | Current |
| Internet Transaction Solutions, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Advisor to The Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Chief of Staff | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | First Senior Deputy, Compliance & Chief Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | CIO & Director, Info Technology | Current |
| Federal Deposit Insurance Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Chief Economist & Assistant Director, Business Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Assistant to The Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Legislative Affairs | Current |
| Federal Deposit Insurance Corporation | Director, Legislative Affairs | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Deputy Reg Director, Compliance | Current |
| Federal Deposit Insurance Corporation | Deputy Reg Director, Compliance | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Division, Admin | Current |
| Federal Deposit Insurance Corporation | Board of Directors | Current |
| Federal Deposit Insurance Corporation | Director, Division, Admin | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Insurance & Research | Current |
| Federal Deposit Insurance Corporation | Director | Current |
| Federal Deposit Insurance Corporation | Director, Insurance & Research | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Assoc Director, Insurance & Research | Current |
| Federal Deposit Insurance Corporation | Assoc Director, Insurance & Research | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Associate Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Public Affairs | Current |
| Federal Deposit Insurance Corporation | Director, Public Affairs | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Assistant Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Finance | Current |
| Federal Deposit Insurance Corporation | Director, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Senior Advisor to The Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Regional Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Enterprise Risk Management | Current |
| Federal Deposit Insurance Corporation | Director, Enterprise Risk Management | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Assistant to The Associate Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director (Director, Comptroller of The Currency) | Current |
| Office of the Comptroller of the Currency | Comptroller of the Currency | Current |
| Federal Deposit Insurance Corporation | Director | Current |
| Covington & Burling | Partner | Former |
| Department of the Treasury | Assistant Secretary for Domestic Finance | Former |
| University of Michigan | A.B., English literature | Former |
| Covington & Burling | Comptroller | Former |
| Minbanc Foundation, Inc | Board of Directors | Former |
| Harvard Law School | J.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director, Consumer Protection & Supervision Division | Current |
| Federal Deposit Insurance Corporation | Reg Director, Consumer Protection & Supervision Division | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Associate Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Assistant to The Director (Acting) | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director, DSC | Current |
| Federal Deposit Insurance Corporation | Reg Director, DSC | Former |
Martin J. Gruenberg was elected Chair of the Executive Council and President of the IADI for a three year term at the Annual General Meeting held in Kuala Lumpur, Malaysia, on 2 November 2007. Mr. Gruenberg was sworn in as Vice Chairman of the FDIC Board of Directors on August 22, 2005. Upon the resignation of Chairman Donald Powell, he served as Acting Chairman from November 15, 2005 to June 26, 2006. Mr. Gruenberg joined the Board after broad congressional experience in the financial services and regulatory areas. He served as Senior Counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993 to 2005. Mr. Gruenberg advised the Senator on all issues of domestic and international financial regulation, monetary policy and trade. He also served as Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992. Major legislation in which Mr. Gruenberg played an active role during his service on the Committee includes the Financial Institution Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Gramm-Leach-Bliley Act, and the Sarbanes-Oxley Act of 2002. Mr. Gruenberg holds a J.D. from Case Western Reserve Law School and an A.B. from Princeton University, Woodrow Wilson School of Public and International Affairs.
| Organization | Position | Status |
|---|---|---|
| Iadi | Chair of The Executive Council and President | Current |
| Federal Deposit Insurance Corporation | Director, Conferences | Current |
| Federal Deposit Insurance Corporation | Vice Chairman | Current |
| Iadi | Board of Directors | Current |
| Federal Deposit Insurance Corporation | Interim Chairman | Former |
| Executive Council | Chair | Former |
| Princeton University | A.B. | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Assistant Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Consumer Protection & Supervision Division | Current |
| Federal Deposit Insurance Corporation | Director, Consumer Protection & Supervision Division | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Resolutions & Receiverships | Current |
| Federal Deposit Insurance Corporation | Board of Directors | Current |
| Federal Deposit Insurance Corporation | Director, Resolutions & Receiverships | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director, Atlanta | Current |
| Federal Deposit Insurance Corporation | Reg Director, Atlanta | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Advisor to The Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director, Resolutions & Receiverships | Current |
| Federal Deposit Insurance Corporation | Reg Director, Resolutions & Receiverships | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Director, Conferences | Current |
| Federal Deposit Insurance Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Reg Director, Chicago | Current |
| Federal Deposit Insurance Corporation | Reg Director, Chicago | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Regional Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Area Director, Risk Management | Current |
| Federal Deposit Insurance Corporation | Area Director, Risk Management | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Deputy to Director & Comptroller | Current |
| Federal Deposit Insurance Corporation | Deputy to Director & Comptroller | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Regional Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Administrative Assistant to The Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Special Assistant to The Director | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Assistant Director | Current |
| Saint Vincent College | B.A. Degree In Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Portfolio Manager | Current |
| Federal Deposit Insurance Corporation | Examiner | Current |
| CFA Institute | Board of Directors | Current |
| CFA Institute | Member | Current |
| The Cfa Society of St. Louis | President | Former |
| University of Missouri-Columbia | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Deposit Insurance Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Foldera, Inc | President and Chief Executive Officer | Current |
| Hugh Dunkerley | President | Current |
| Federal Deposit Insurance Corporation | Manager | Current |
| ChromaDex Inc. | Board of Directors | Current |
| ChromaDex Inc. | Director, Corporate Development | Former |
| Hugh Dunkerley | Vice President Corporate Finance Foldera, Inc | Former |
| Department of Trade and Industry | Former | |
| Ernst & Young | Former | |
| Young Corporation | Former | |
| London Stock Exchange plc | Former | |
| Westminster Business Consultants Ltd. | Former | |
| The Boston Consulting Group, Inc. | Former |
Susan has been a member of Junior League of Annapolis since 2001. Her 8 years of League experience include prior service on the Board of Directors as the Membership Vice President and Nominating Director. She also previously chaired Education & Training and served on Nominating & Placement. Susan is the Internal Risk Manager at the Federal Deposit Insurance Corporation. Susan lives in Harwood with her husband Richard and their daughter Abigail.
| Organization | Position | Status |
|---|---|---|
| The Junior League of Annapolis, Inc | Communications Vice President | Current |
| Federal Deposit Insurance Corporation | Internal Risk Manager | Current |
| The Junior League of Annapolis, Inc | Board of Directors | Current |
Tim is a seasoned commerical real estate finance professional, initally trained as a loan originator and underwriter. He has ten years experience as a CMBS / Securitization / Loan Conduit specialist and currently is an Asset Manager for the FDIC.
| Organization | Position | Status |
|---|---|---|
| Guardian Real Estate Advisors, LLC. | Director, Special Assets | Current |
| Federal Deposit Insurance Corporation | Asset Manager | Current |
Amy Tepen serves as Vice President at NBA, Inc. She has over eleven years of experience with the Federal Deposit Insurance Corporation as a bank examiner assigned to the Mt. Vernon, Illinois field office in the Chicago Region. She has diverse experience with institutions ranging in asset size from $10 million to several billion with a concentration in loan review. In addition, Ms. Tepen has expertise in the information technology, Bank Secrecy Act, safeguarding customer information, trust, and denovo bank areas.
| Organization | Position | Status |
|---|---|---|
| National Basketball Association | Vice President | Current |
| Norman Backues & Associates, Inc | Vice President | Current |
| Federal Deposit Insurance Corporation | Examiner | Current |
| Southern Illinois University | Bachelor of Science Degree In Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Comly William F & Son, Inc. | Vice President | Current |
| Federal Deposit Insurance Corporation | Appraiser | Current |
| Small Business Administration | Appraiser | Former |
| Widener University | Bachelor of Science Degree In Management and Economics | Former |
| Widener University | Bachelor of Science Degree In Management and Economics | Former |
Louise Parent is executive vice president and general counsel of American Express Company, a position she assumed in May 1993. Ms. Parent is a member of the AmericanExpress Global Management Team. Ms. Parent joined American Express in 1977. In 1989, she was named General Counsel of First Data Corporation, the former information services subsidiary of American Express. She became Deputy General Counsel of American Express in 1992. She began her career in 1975 at the New York law firm of Donovan Leisure Newton & Irvine. Ms. Parent serves as a trustee of Smith College and a director of A Better Chance, Inc., and the Cooke Center for Learning and Development. In addition, Ms. Parent is a member of the Council on Foreign Relations and the Advisory Board of The Studio in a School.
| Organization | Position | Status |
|---|---|---|
| American Express Company | Executive Vice President & General Counsel | Current |
| Federal Deposit Insurance Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Countrybank USA | CEO | Current |
| Countrybank USA | President | Current |
| Federal Deposit Insurance Corporation | Current | |
| Countrybank USA | teller and bookkeeper | Former |
| University of Illinois | B.A. in Finance | Former |
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