{"id":110,"date":"2023-11-15T22:29:51","date_gmt":"2023-11-15T22:29:51","guid":{"rendered":"http:\/\/table-of-success.local\/?p=110"},"modified":"2024-10-22T21:07:26","modified_gmt":"2024-10-22T21:07:26","slug":"david-banks","status":"publish","type":"post","link":"http:\/\/tableofsuccess.mysites.io\/david-banks\/","title":{"rendered":"David Banks"},"content":{"rendered":"\n<h2 class=\"wp-block-heading alignwide\">One of two brothers who are long-time Adams pals at the highest ranks of City Hall, and the long-time boyfriend of First Deputy Mayor Sheena Wright, Banks finds himself at the top of a teetering schools system.&nbsp;<\/h2>\n\n\n\n<hr class=\"wp-block-separator alignwide has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Formerly<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lawyer for New York City, New York State<\/li>\n\n\n\n<li>Public school teacher<\/li>\n\n\n\n<li>Founding principal, Eagle Academy for Young Men<\/li>\n\n\n\n<li><strong>&nbsp;<\/strong>Chancellor, Department of Education<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Currently<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In the honeymoon phase<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>David Banks was born in January 1962, and eleven months later, his brother, <a href=\"https:\/\/tableofsuccess.hellgatenyc.com\/philip-banks-iii\/\">Philip<\/a>, was born. While Philip followed in their father&#8217;s footsteps and worked his way up the NYPD and into a role as deputy mayor (despite being named as an unindicted co-conspirator in a <a href=\"https:\/\/www.nytimes.com\/2022\/01\/27\/nyregion\/philip-banks-corruption-investigation.html\" target=\"_blank\" rel=\"noreferrer noopener\">federal criminal complaint<\/a>), David got a law degree and worked at the City&#8217;s Law Department, followed by a stint at the state Attorney General&#8217;s office, before becoming a public school teacher in Crown Heights. He then became a CEO of a foundation that has opened a number of public schools for boys, and now, he&#8217;s Eric Adams&#8217;s head of the Department of Education.&nbsp;<\/p>\n\n\n\n<p>Adams and David <a href=\"https:\/\/www.nytimes.com\/2021\/12\/08\/nyregion\/david-banks-nyc-school-chancellor.html\" target=\"_blank\" rel=\"noreferrer noopener\">have reportedly known each other for three decades<\/a>. Unlike the appointment of his brother as deputy mayor for public safety, Adams tapping David to lead the City&#8217;s schools wasn&#8217;t controversial\u2014at least on paper. Banks had attended New York City public schools himself, and through his time at the Eagle Academy, whose foundation he led, was well-versed in the intricacies of the city\u2019s school system. At the time, it was reeling from an exodus of students during the COVID-19 pandemic, when 50,000 students, representing 4.5 percent of the total student population, left City schools. But the appointment of two brothers to such high-level positions in the administration did lead <a href=\"https:\/\/nymag.com\/intelligencer\/2022\/10\/the-banks-administration-inside-the-adams-administration.html\" target=\"_blank\" rel=\"noreferrer noopener\">some to question where exactly the power lay in New York City<\/a>\u2014was it with the mayor, or with this unelected pair and their coterie? Should we actually be referring to this era as the Banks administration?<\/p>\n\n\n\n<p>&#8220;I\u2019ve heard that term being used,\u201d David Banks <a href=\"https:\/\/nymag.com\/intelligencer\/2022\/10\/the-banks-administration-inside-the-adams-administration.html\" target=\"_blank\" rel=\"noreferrer noopener\">told New York Magazine&#8217;s Errol Louis<\/a>. \u201cBut listen, we all work very closely together, and we\u2019re all doing the best that we can on behalf of New York. We love New York, just like you do.\u201d<\/p>\n<\/div>\n\n\n<div class=\"sign-up has-yellow-background-color p-2 p-lg-4 border-radius drop-shadow\">\n    <a class=\"d-block mb-2\" href=\"https:\/\/hellgatenyc.com\" target=\"_blank\">\n        <img decoding=\"async\" class=\"hell-gate-logo\" src=\"http:\/\/tableofsuccess.mysites.io\/wp-content\/themes\/pnp-table-of-success\/assets\/icons\/hellgate-logo.svg\">\n    <\/a>\n    <p class=\"mb-2\"><strong>If you like what you&#8217;re reading, <a class=\"text-decoration-underline\" href=\"https:\/\/hellgatenyc.com\/membership\" target=\"_blank\" >become a subscriber<\/a>.<\/strong><\/p>\n    <p class=\"mb-1\"><strong>Sign up for Inbox Hell, our biweekly free newsletter:<\/strong><\/p>\n    <form name=\"contact\" method=\"POST\" data-netlify=\"true\" class=\"d-flex flex-column flex-lg-row flex-wrap align-items-lg-end\">\n        <label for=\"fname\" class=\"sr-only\">First Name:<\/label><input class=\"mt-1 mr-1 mb-lg-0\" type=\"text\" name=\"fname\" placeholder=\"First Name\" \/><\/p>\n        <label for=\"lname\" class=\"sr-only\">Last Name:<\/label><input class=\"mt-1 mr-1 mb-lg-0\" type=\"text\" name=\"lname\" placeholder=\"Last Name\" \/>\n        <label for=\"email\" class=\"sr-only\">Email:<\/label><input class=\"mt-1 mr-1 mb-lg-0\" type=\"text\" name=\"email\" placeholder=\"Email\" \/>\n        <button class=\"w-fit-content mt-2\" type=\"submit\">Sign up<\/button>\n    <\/form>\n<\/div>\n\n\n<div class=\"wp-block-group alignwide is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>Announcing David Banks&#8217;s appointment in 2021, <a href=\"https:\/\/www.nytimes.com\/2021\/12\/08\/nyregion\/david-banks-nyc-school-chancellor.html\" target=\"_blank\" rel=\"noreferrer noopener\">Adams said of his long-time friend<\/a>, &#8220;We not only respect each other, we love each other.&#8221;<\/p>\n\n\n\n<p>The love is real\u2014<a href=\"https:\/\/nypost.com\/2022\/10\/08\/chancellor-banks-and-mayor-adams-hire-each-others-beaus\/\" target=\"_blank\" rel=\"noreferrer noopener\">and seems to extend to the whole family<\/a>. Adams and Banks even hired each other&#8217;s partners. In July 2022, Banks hired Adams&#8217;s longtime girlfriend (now, <a href=\"https:\/\/nypost.com\/2023\/08\/17\/two-top-mayor-adams-execs-in-marthas-vineyard-ahead-of-rumored-wedding\/\">possibly, wife<\/a>) and DOE administrator TraceyAdams, meanwhile, hired Banks\u2019s then-girlfriend Sheena Wright, a nonprofit executive who had been the head of Adams\u2019s transition team, as his deputy mayor, at a salary of $250,000.\u00a0<\/p>\n\n\n\n<p>In response to <a href=\"https:\/\/nypost.com\/2022\/10\/08\/chancellor-banks-and-mayor-adams-hire-each-others-beaus\/\" target=\"_blank\" rel=\"noreferrer noopener\">a story from the New York Post<\/a> that highlighted the dubious optics of the mayor and his schools chancellor hiring each other&#8217;s partners, the City Hall press office (see entries on Fabien Levy, Maxwell Young), put out a statement <a href=\"https:\/\/www.nyc.gov\/office-of-the-mayor\/news\/733-22\/statement-vile-sexist-story-the-new-york-post\" target=\"_blank\" rel=\"noreferrer noopener\">calling the implication of a job swap both &#8220;vile and sexist.&#8221;<\/a>.&nbsp;<\/p>\n\n\n\n<p>Speaking of his actual job, Banks <a href=\"https:\/\/www.nytimes.com\/2021\/12\/08\/nyregion\/david-banks-nyc-school-chancellor.html\" target=\"_blank\" rel=\"noreferrer noopener\">told reporters his tenure<\/a> as schools chancellor would focus on low-income students with learning disabilities and expanding early childhood education options, such as universal pre-K and 3-K programs.&nbsp;<\/p>\n\n\n\n<p>But those expansions didn&#8217;t happen.&nbsp;<\/p>\n\n\n\n<p>Even while flush with federal COVID relief money, the DOE almost immediately began <a href=\"https:\/\/hellgatenyc.com\/nyc-schools-funding-explainer\" target=\"_blank\" rel=\"noreferrer noopener\">slashing school funding after taking office<\/a>. Early childhood education programs also faced (and continue to face) drastic cuts, with the City&#8217;s much-lauded universal Pre-K <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2023-05-15\/eric-adams-starves-nyc-s-universal-pre-k-program\" target=\"_blank\" rel=\"noreferrer noopener\">program threatened with $570 million in cuts<\/a>, and its <a href=\"https:\/\/www.nytimes.com\/2023\/01\/13\/nyregion\/budget-slashes-3-k-for-new-york-city-children.html\" target=\"_blank\" rel=\"noreferrer noopener\">3-K program now being significantly downsized<\/a>. For the most part, the mayor has been responsible for talking about the budget and cuts, but <a href=\"https:\/\/www.nydailynews.com\/2023\/11\/16\/mayor-adams-revised-nyc-education-budget-trims-preschool-summer-programs-support-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">in a meeting with parents on Staten Island in November<\/a>, Banks said, &#8220;It is about to get really tough. The City is in a bad financial situation, the mayor\u2019s been saying. I don\u2019t know if people fully appreciate it.\u201d<\/p>\n\n\n\n<p>Schools that aren&#8217;t hurting during Banks&#8217;s time as chancellor? Charters, which can tap into private financing, <a href=\"https:\/\/www.nytimes.com\/2022\/11\/21\/nyregion\/nyc-charter-schools.html\" target=\"_blank\" rel=\"noreferrer noopener\">have seen their enrollment rise<\/a> from even before the pandemic, even as the City struggles to bring more students into its public school system. Adams was, notably, the choice of the charter movement during the 2021 mayoral primary, with <a href=\"https:\/\/www.gothamgazette.com\/city\/10940-eric-adams-18-million-dollar-campaign-spending-2021-election\" target=\"_blank\" rel=\"noreferrer noopener\">a PAC started by the executive director of a pro-charter school advocacy group spending $6.3 million<\/a> to help get him elected.&nbsp;<\/p>\n\n\n\n<p>City Hall did not respond to a request for comment about David Banks.<\/p>\n\n\n\n<p>There are some bright spots for Banks&#8217;s DOE\u2014while Adams has for months <a href=\"https:\/\/www.nytimes.com\/2023\/09\/07\/nyregion\/adams-migrants-destroy-nyc.html\">been warning that migrants would &#8220;destroy&#8221; New York City<\/a>, it&#8217;s been <a href=\"https:\/\/www.nydailynews.com\/2023\/11\/15\/migrant-surge-pushes-nyc-public-school-enrollment-up-for-first-time-in-nearly-a-decade\/#:~:text=An%20estimated%2030%2C000%20students%20seeking,students%20living%20in%20temporary%20housing.\" target=\"_blank\" rel=\"noreferrer noopener\">the arrival of tens of thousands of migrant students that finally has turned<\/a> around the City&#8217;s slumping public school enrollment, <a href=\"https:\/\/www.nyc.gov\/office-of-the-mayor\/news\/870-23\/mayor-adams-chancellor-banks-celebrate-first-increase-nyc-public-school-enrollment-eight#:~:text=For%20the%202023%2D2024%20school,the%20nation's%20largest%20school%20district.\" target=\"_blank\" rel=\"noreferrer noopener\">something Banks and Adams celebrated<\/a>. While the schools system still faces steep cuts in coming years under Adams&#8217;s austerity budgets, Banks announced that schools would most likely not face cuts midway <a href=\"https:\/\/www.chalkbeat.org\/newyork\/2022\/11\/7\/23445935\/nyc-schools-enrollment-decline-midyear-budget-cuts\/\" target=\"_blank\" rel=\"noreferrer noopener\">through the 2023 school year if they lose students<\/a>. That&#8217;s good news for students who have only seen their schools&#8217; budgets shrink, <a href=\"https:\/\/www.chalkbeat.org\/newyork\/2023\/9\/6\/23862194\/nyc-teacher-workforce-shortages\/#:~:text=In%20general%2C%20higher%2Dpoverty%20schools,or%20out%20of%20the%20system.\" target=\"_blank\" rel=\"noreferrer noopener\">teachers leave<\/a>, and <a href=\"https:\/\/nypost.com\/2023\/09\/09\/nyc-budget-cuts-could-gut-sanitation-routes-school-programs\/\" target=\"_blank\" rel=\"noreferrer noopener\">after-school programming face cuts<\/a> during an Adams administration set on slashing funding for the city&#8217;s youngest.&nbsp;<br><br>Banks&#8217;s career took a distinct downturn, however, after the home he shares with Wright was <a href=\"https:\/\/hellgatenyc.com\/feds-debut-new-investigation-eric-adams\/\">raided by federal agents<\/a> on September 5, 2024, the first day of the New York City Public Schools academic year. Investigators seized Banks&#8217;s phone, as well as that of Wright. That same day, the feds also seized the phones of two of his brothers\u2014Philip and Terence Banks, a former MTA official turned consultant who reportedly <a href=\"https:\/\/gothamist.com\/news\/terence-david-phil-banks-eric-adams-fundraising\">raised more than $90,000<\/a> for Adams&#8217;s 2021 mayoral campaign, as well as those of other Adams allies, like then-NYPD Commissioner Edward Caban, Caban&#8217;s twin brother James, and Adams close friend Timothy Pearson.<\/p>\n\n\n\n<p>On the day of the raid, Banks <a href=\"https:\/\/www.thecity.nyc\/2024\/09\/05\/fbi-raids-homes-of-two-top-eric-adams-aides\/?ref=hellgatenyc.com\">told reporters<\/a>, &#8220;Today is the first day of school, and I am thrilled.&#8221;&nbsp;<\/p>\n\n\n\n<p>But as reports emerged connecting the chancellor, Philip, and Terence to <a href=\"https:\/\/gothamist.com\/news\/terence-david-phil-banks-eric-adams-fundraising\">City contracts with some of Terence&#8217;s consulting firm&#8217;s clients<\/a>, particularly a <a href=\"https:\/\/www.thecity.nyc\/2024\/09\/09\/terence-banks-saferwatch-corey-johnson-david-phil\/\">&#8220;panic button&#8221; pilot program with NYC Public Schools<\/a>, potentially violating a City ethics policy which forbids lobbying family members, David announced that he would be <a href=\"https:\/\/hellgatenyc.com\/nyc-schools-chancellor-banks-announces-departure\/\">resigning from his position<\/a> in the Adams administration in December 2024\u2014a move that he had definitely, per his words, already been planning to make and was not in reaction to any federal investigation. David has not been charged with any crime related to these investigations.<\/p>\n\n\n\n<p>&#8220;During our meeting earlier this year, I advised you that I intend to retire at the end of this calendar year after ensuring the school year got off to a good start,&#8221; David wrote in his resignation <a href=\"https:\/\/x.com\/DanMannarino\/status\/1838673143654740237\">letter<\/a>, which dated from September 24, 2024 and was addressed to the mayor. He added, &#8220;Serving as Chancellor has been a profound honor and a deeply fulfilling experience. Thank you for the opportunity to serve, and for your support during my tenure.&#8221;<\/p>\n\n\n\n<p>In a <a href=\"https:\/\/www.nyc.gov\/office-of-the-mayor\/news\/712-24\/mayor-adams-on-new-york-city-public-schools-chancellor-david-banks-retirement\">statement on Banks&#8217;s departure<\/a>, Adams said that he was &#8220;immensely grateful and proud&#8221; of his old friend.<\/p>\n\n\n\n<p>That pride and gratitude, however, don&#8217;t seem to have been enough to compel Adams to allow Banks to finish out his term on his own timeline. On October 3, 2024, City Hall <a href=\"https:\/\/www.nydailynews.com\/2024\/10\/02\/chancellor-david-banks-to-depart-nyc-public-schools-two-months-early\/\">announced<\/a> that the chancellor would actually finish his last full day with NYC Public Schools on October 15. Banks let reporters know in a <a href=\"https:\/\/www.nydailynews.com\/2024\/10\/03\/nyc-schools-chancellor-david-banks-says-he-was-forced-to-resign-early-by-mayor-adams\/\">terse statement<\/a> that he wasn&#8217;t cutting out early of his own volition: &#8220;Last week, I announced my planned retirement, and I was ready, willing and able to stay in my post until December 31st to conduct a responsible transition for our staff. The Mayor has decided to accelerate that timeline.&#8221;<\/p>\n\n\n\n<p>On the bright side, Banks will have more time to celebrate a milestone in his personal life: He and Wright <a href=\"https:\/\/nypost.com\/2024\/10\/02\/us-news\/nyc-schools-chancellor-david-banks-blasts-critics-calling-out-timing-of-his-marthas-vineyard-wedding-to-fellow-embattled-adams-official\/\">got married in Martha&#8217;s Vineyard<\/a> after he first announced his resignation from the Adams administration in September.<\/p>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator alignwide has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\">Still hungry? <\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.nytimes.com\/2021\/12\/08\/nyregion\/david-banks-nyc-school-chancellor.html\">David Banks, Educator and Adams Ally, Is Next N.Y.C. Schools Chancellor<\/a> | New York Times<\/li>\n\n\n\n<li><a href=\"https:\/\/nymag.com\/intelligencer\/2022\/10\/the-banks-administration-inside-the-adams-administration.html\">Welcome to the Banks Administration <\/a>| New York Magazine<\/li>\n\n\n\n<li><a href=\"https:\/\/nypost.com\/2022\/10\/08\/chancellor-banks-and-mayor-adams-hire-each-others-beaus\/\">NYC Schools Chancellor David Banks, Eric Adams put each other\u2019s girlfriends in top posts <\/a>| New York Post<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-small-font-size\">Last updated: 10\/22\/2024 by Hell Gate<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the Banks brothers, now finds himself at the top of a teetering schools system.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city-hall"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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