The President today announced that he will nominate William M. Isaac, of Louisville, Ky., to be a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC). He would replace Robert Barnett, resigned.
Isaac was born December 21, 1943, in Bryan, Ohio. He received a B.S. in business administration from Miami University of Ohio in 1966 and a J.D. from Ohio State University in 1969.
From 1969 to 1974, Isaac was an attorney with the Wisconsin law firm of Foley & Lardner, where he had a general corporate practice specializing in banking law and antitrust law.
Since 1974 Isaac has been vice president, general counsel, and secretary of the First Kentucky National Corp. and its subsidiaries.
Isaac is the author of several articles on banking and is a frequent lecturer on various banking and bank holding company topics.