MILWAUKEE, Oct. 6 /PRNewswire/ -- The Federal Deposit Insurance Corporation (FDIC) has been named the 2010 winner of the Trailblazer Award by the National Association of Minority and Women Owned Law Firms (NAMWOLF).
The award recognizes a government official or agency that has exhibited outstanding achievement in increasing opportunities for minority and women owned law firms. The 2010 Trailblazer Award was presented to the FDIC at the NAMWOLF 2010 Annual Meeting & Law Firm Expo on October 5th. The FDIC was selected to receive the 2010 NAMWOLF Trailblazer Award because of its demonstrated commitment to utilizing minority and/or women owned law firms, its outstanding outreach efforts and message of inclusion. The FDIC maintains a roster of 245 minority and/or women owned law firms nationwide. Approximately 18 percent of all FDIC legal matters were referred to minority and/or women owned law firms in 2009.
"FDIC's dedication to hiring minority and women owned law firms begins at the top of the organization with Chairman Sheila C. Bair," said Yolanda Coly, Managing Director of NAMWOLF. "The FDIC strives to make inclusion of minority and women owned law firms part of its corporate culture. The organization continues to recruit new minority and women owned law firms through outreach seminars held regularly throughout the United States. The FDIC is a shining example of what it means to be a Trailblazer." The FDIC Legal Division conducted a one day seminar and outreach event in August, in Arlington, Virginia that was attended by over 175 minority and women owned law firms.
The National Association of Minority and Women Owned Law Firms (NAMWOLF), founded in 2001, is a nonprofit trade association comprised of minority and women owned law firms and other interested parties throughout the United States. NAMWOLF is dedicated to increasing the utilization of minority and women owned law firms by corporate legal departments. www.namwolf.org
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 7,830 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. www.FDIC.gov