Nomination of C.C. Hope, Jr., To Be a Member of the Board of Directors of the Federal Deposit Insurance Corporation

The President today announced his intention to nominate C.C. Hope, Jr., to be a member of the Board of Directors of the Federal Deposit Insurance Corporation for a term of 6 years. He would succeed Irvine Henry Sprague.

Mr. Hope recently retired as vice chairman of First Union National Bank in Charlotte, NC. He is past president of the American Bankers Association (ABA) and past chairman of the ABA Council. He began his banking career in 1947. He served North Carolina as secretary of commerce in 1983-1985. He has served as chairman of the board of the North Carolina Symphony Society and served as chairman of the North Carolina Alliance for Arts in Education.

Mr. Hope graduated from Wake Forest University (B.A., 1943). He is married, has three children, and resides in Charlotte, NC. He was born February 5, 1920, in Charlotte.