Word: fdic
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...plucked Mr. Cummings to represent the Government's majority stock interest in Chicago's Continental Illinois National Bank & Trust Co. With Mr. Cummings comfortably settled as board chairman and "chief executive" of Continental Illinois, President Roosevelt got around last week to picking his successor as FDIC's chairman. He was a Wisconsin banker named Leo Thomas Crowley and no tyro at New Dealing. Long before March 4, as chairman of Wisconsin's Banking Review Board by appointment of Governor La Follette, Mr. Crowley sponsored legislation to insure deposits of public monies and to bolster weak Wisconsin...