Draft:Stuart D. Root
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Stuart D. Root
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| Born | October 14, 1932 Chagrin Falls, OH, U.S. |
| Died | December 31, 2022 (aged 90) Kennet Square, PA, U.S. |
| Education | Ohio Wesleyan University (BA) Columbia University (JD) |
| Occupations |
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| Years active | 1960 – 1998 |
| Political party | Republican |
| Spouses | |
| Children | 4 |
Stuart Root (/ˈdaɪmən/; born October 14th, 1932) was an American lawyer and businessman who has been the chairman and President of the Bowery Savings Bank from 1981-1983.[1]
Root began his career as a lawyer following graduation of Columbia Law School at Cadwalader, Wickersham & Taft. During his six-year tenure at the at Cadwalader, Stuart Root has a number of large real estate acquisitions on his desk including one of the largest in Manhattan since Rockefeller Center. While serving as the General Counsel to the Bowery Savings Bank he then helped the firm engineer the acquisition & restructuring of Equitable Savings & Loan Association. During this time from 1981 - 1983, Mr. Root served as President and Vice Chairman of the Bowery Saving Bank. Under his leadership, the Bank grew it's deposit base and from 1972 to 1992, baseball Hall-of-Famer Joe DiMaggio was spokesman for the Bowery Savings Bank.[2] Stuart, also took the helm of the bank during the Savings and loan crisis and helped thousands of depositors survive the Bank thrift failures of this period. Stuart, the father of 4 children split time between the hustle and bustle of New York City and Princeton NJ. He also was a member of many clubs including Century Association, the Recess Club, and was Chairman of the Board for the Harlem School of Arts.
Political Activity
[edit]Mr. Root's leadership and unwavering strong bulldog like attitude at The Bowery allowed him the honor of nomination by Ronald Reagan and quick confirmation by the U.S. Senate as the Executive Director of the Federal Savings and Loan Insurance Corporation. This government agency was given the strict guidelines of regulating all savings and loan institutions in the United States. Stuart's leadership there until 1989 culminated with a number of testimonies before Congress during the Bluebonnet Bank Investigation.[3]
- ^ Stuart-Root, Grieco Funerals
- ^ The American Experience, PBS, archived from the original on April 25, 2009
- ^ Bluebonnet Bank Investigation, CSPAN