The Senate Banking Committee Wednesday unanimously approved the nomination of Donna A. Tanoue to be chairman of the Federal Deposit Insurance Corp.

A full Senate ballot on her nomination has not been scheduled, but Banking Committee Chairman Alfonse M. D'Amato predicted quick action.

The New York Republican praised Ms. Tanoue, who served as Hawaii's commissioner of financial institutions during the mid-1980s and led the $50 million bailout of the islands' industrial loan companies.

"Ms. Tanoue is widely credited with leading the effort to restore financial stability to the Hawaiian thrift industry," Sen. D'Amato said. "She has the skills necessary for the position of FDIC chairman."

If confirmed as expected, Ms. Tanoue would fill the remainder of Ricki Helfer's five-year term, which expires in October 1999.

Ms. Tanoue, 43, is a partner with the law firm Goodsill, Anderson, Quinn & Stifel in Honolulu and specializes in banking, real estate, and government affairs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.