ABOUT WILLIAM ISAAC

William M. Isaac headed the Federal Deposit Insurance Corporation during the banking crisis of the 1980s, serving under Presidents Carter and Reagan from 1978 through 1985. Mr. Isaac founded The Secura Group, a leading consulting firm, in 1986. Secura was acquired by FTI Consulting in 2011, where Mr. Isaac served as senior managing director through 2019 when Mr. Isaac partnered with Howard Milstein in the financial services business, serving on the boards of New York Private Bank & Trust and Emigrant Bank, as well as serving as non-executive Chairman of Sarasota Private Trust and Cleveland Private Trust.  The Isaac-Milstein Group is their financial consulting arm. Mr. Isaac is former Chairman of Fifth Third Bancorp, one of the nation’s leading banking companies, and is a former board member at TSYS, a leading payments processing company (now part of Global Payments).  Mr. Isaac has also served on the boards of Amex Bank, The Associates (finance company formerly owned by Ford Motor Company), TransUnion (credit reporting company formerly owned by the Pritzker family), and MPS Group (staffing firm now owned by Adecco).

Mr. Isaac is involved extensively in thought leadership relating to the financial industry. He is the author of Senseless Panic: How Washington Failed America with a foreword by legendary former Federal Reserve Chairman Paul Volcker. Senseless Panic provides an inside account of the banking and S&L crises of the 1980s and compares that period to the financial crisis of 2008-2009. Mr. Isaac’s articles are published in the Wall Street Journal, Washington Post, New York Times, American Banker, Forbes, Financial Times, Washington Times, and other leading publications. He also appears regularly on television and radio, testifies before Congress, and is a speaker before audiences throughout the world. See www.williamisaac.com.

Mr. Isaac served as chairman of the FDIC during one of the most tumultuous periods in US banking history. Some 3,000 banks and thrifts failed during the 1980s, including Continental Illinois and nine of the ten largest banks in Texas. Mr. Isaac was appointed to the board of the FDIC by President Carter and was confirmed by the Senate at the age of 34, and was named Chairman by President Reagan two years later, making him the youngest FDIC board member and chairman in history. Mr. Isaac also served as chairman of the Federal Financial Institutions Examination Council (1983-85), as a member of the Depository Institutions Deregulation Committee (1981–85), and as a member of the Vice President’s Task Group on Regulation of Financial Services (1984).

Mr. Isaac was formerly a senior partner of Arnold & Porter, which was a founding partner of The Secura Group. Mr. Isaac left the firm in 1993 when Secura purchased Arnold & Porter’s interest in the firm. Before his appointment to the FDIC, Mr. Isaac served as vice president, general counsel and secretary of First Kentucky National Corporation and its subsidiaries, including First National Bank of Louisville and First Kentucky Trust Company. Mr. Isaac began his career with Foley & Lardner where he practiced general corporate law specializing in banking law.

Mr. Isaac received a Distinguished Achievement Medal in 1995 from Miami University and a Distinguished Alumnus Award in 2013 from The Ohio State University.  He is a former member of the Board of Directors of the Miami University Foundation and is a Life Member of the Board of Directors of The Ohio State University Foundation.  In 2016 Mr. Isaac co-founded with his former classmate the William Isaac & Michael Oxley Center for Business Leadership at Miami University.

 

EDUCATION:

  • LLD (Honorary), Miami University, Oxford, Ohio
  • JD, summa cum laude, College of Law, The Ohio State University, Columbus, Ohio
  • B.S., Miami University, Oxford, Ohio

 

PROFESSIONAL AFFILIATIONS:

  • Member, Boards of Directors,
    Emigrant Bank and New York Private Bank & Trust

  • Co-Chairman, The Isaac-Milstein Group

  • Chairman, Sarasota Private Trust

  • Chairman, Cleveland Private Trust

  • Former Chairman, FDIC (1978-1986)

  • Former Chairman, Board of Directors, Fifth Third Bancorp

  • Former Member, Board of Directors, Total System Services (TSYS)

  • Chairman, Isaac Family Property Companies

  • Life Member, Board of Directors,
    The Ohio State University Foundation

  • Member, Board of Directors of BankCap Investment Fund

  • Member, Board of Directors of the Ringling College of Art & Design, Sarasota, Florida

  • Member, Bretton Woods Committee

  • Member of Kentucky, Wisconsin, District of Columbia and American Bar Associations