FOR IMMEDIATE RELEASE
June 22, 2009

Media Contact:
Andrew Gray (202) 898-7192
E-mail: angray@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today announced the
appointment of Ellen Lazar as Senior Advisor for Consumer Policy to
FDIC Chairman Sheila Bair. In this new position, Ms. Lazar will advise
the Chairman on issues relating to the Corporation’s consumer policy
and programs.

Chairman Bair, in announcing the appointment, said, “Ms. Lazar’s long
and distinguished career has been focused on community development and
consumer protection. Her expertise and experience in these areas will
contribute significantly to the FDIC’s consumer programs and policy
development.”

Ms. Lazar was a Partner at Venture Philanthropy Partners (VPP), a
philanthropic organization that invests in nonprofit institutions. She
previously served as Senior Vice President for Housing and Community
Initiatives at the Fannie Mae Foundation where she was responsible for
grantmaking and management of the Foundation’s national, regional and
DC offices. Prior to this position, she served as Executive Director
of the Neighborhood Reinvestment Corporation (dba NeighborWorks
America), a nonprofit corporation that works to revitalize rural and
urban communities by mobilizing public, private and community
resources at the neighborhood level. She was also the Director of the
Community Development Financial Institutions Fund at the U.S.
Department of the Treasury. She also held leadership positions at the
National Association of Affordable Housing Lenders and Enterprise
Community Partners, where she served as Chief Administrative Officer,
Vice President and General Counsel. Lazar was also assistant general
counsel to the National Corporation for Housing Partnerships and
served in the Office of General Counsel of the U.S. Department of
Housing and Urban Development.

Lazar is a graduate of Queens College of the City University of New
York, and of the Indiana University School of Law at Bloomington.

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Congress created the Federal Deposit Insurance Corporation in 1933 to
restore public confidence in the nation’s banking system. The FDIC
insures deposits at the nation’s 8,246 banks and savings associations
and it promotes the safety and soundness of these institutions by
identifying, monitoring and addressing risks to which they are
exposed. The FDIC receives no federal tax dollars – insured financial
institutions fund its operations.