L. William Seidman, the former chairman of the Federal Deposit Insurance Corp., has been named to the board of Sageworks Inc., a banking technology firm in Raleigh.

Seidman, who chaired the FDIC from 1985 to 1991, is the chief commentator for CNBC,. He is also the publisher of Bank Director magazine and the founder of Board Member magazine and is on the boards of several financial companies.