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Stuart D. Root (October 14, 1932 – December 31, 2022) was an American lawyer and banking executive whose career spanned private legal practice, senior banking leadership, and federal financial institutions. Over several decades, his work intersected with major developments in U.S. mortgage finance, bank regulation, and real estate law, as well as advisory engagements outside the United States.[1][2][3]
Root was raised in Chagrin Falls, Ohio, and graduated from Chagrin Falls High School in 1950. He received a Bachelor of Arts in Philosophy from Ohio Wesleyan University in 1955 and earned his Juris Doctor from Columbia Law School in 1960. His academic background provided the foundation for a career that combined legal analysis with financial and institutional governance.[1]
After completing law school, Root joined the New York law firm Cadwalader, Wickersham & Taft. His early legal work included representation of Bowery Savings Bank and participation in complex real estate transactions, including a large-scale Manhattan acquisition that was among the most significant since the development of Rockefeller Center.[1]
During the late 1960s, Root worked in an advisory capacity connected to the Government National Mortgage Association (Ginnie Mae). In the early 1970s, his legal practice intersected with the formation of the Federal Home Loan Mortgage Corporation (Freddie Mac), where he contributed to the legal framework supporting the emerging secondary mortgage market in the United States.[1][1]
From 1981 to 1983, Root served as President and Vice Chairman of Bowery Savings Bank in New York City. His tenure coincided with a period of unusually high interest rates and significant regulatory change affecting savings institutions. In this role, he engaged with policymakers on banking and thrift legislation, met with President Ronald Reagan regarding industry policy, and provided testimony before the United States Senate on financial oversight matters.[4][2][4][2]
Mr. Root later served as Executive Director of the Federal Savings and Loan Insurance Corporation from 1987 to 1989. After leaving federal service, he returned to private practice and undertook consulting work related to real estate finance and banking regulation. In 1998, he traveled to Liberia to advise the government of President Charles Taylor on issues concerning the country’s banking system.[3][3]
Throughout his career, Root held advisory roles for domestic and international banking clients, focusing on legal strategy, real estate transactions, and regulatory compliance.[1][2]
In later years, Root was closely involved in the Beaverkill, New York community. He supported local efforts to preserve open space and played a long-standing role at the Beaverkill Community Church, where he founded and directed the church choir and organized seasonal musical programs and community events.[5]
Mr. Root was first married to Jean D. Root. In the early 1960s, Jean and Stuart Root moved to Princeton, New Jersey, where Jean D. Root became a founding professor of the computer science program at Princeton University. The couple later raised their family there.
Stuart Root died on December 31, 2022, at the age of 90.[3]
Testimony by Stuart D. Root before the United States Senate Committee during the Bluebonnet Bank Investigation.
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