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Fifth Third appoints William Isaac chairman of the board of directors

Staff writer |
Cincinnati, Oh., USA - May 31, 2010, Cincinnati, Oh., USA - The Fifth Third Bancorp announced that William Isaac has been elected to the board and named non-executive chairman of the board.

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Mr. Isaac served as the chairman of the Federal Deposit Insurance Corporation (FDIC) during the financial crisis of the 1980s, and is credited with helping stabilize the banking industry during its most tumultuous period since the Great Depression.

Mr. Isaac was appointed by President Carter to the board of directors of the FDIC in 1978 at the age of 34 - making him the youngest FDIC board member and later, the youngest FDIC chairman in history. He served as chairman from 1981 through 1985. While at the FDIC, Mr. Isaac also served as chairman of the Federal Financial Institutions Examination Council and as a member of the Depository Institutions Deregulation Committee and the Vice President's Task Force on Regulation of Financial Services.

Mr. Isaac was founder of the Secura Group, a leading Washington D.C. based consulting firm. He now serves as chairman of LECG's Global Financial Services, which acquired Secura in 2007.

He received a bachelor's degree in Business Administration from Miami University in Oxford, and his Doctorate of Law (summa cum laude) from The Ohio State University. He received an honorary Doctor of Laws degree (LL.D) from Miami University in 1984.

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