NYC Schools Chancellor David Banks to Step Down Early Amid Investigations

New York City Schools Chancellor David Banks announced his resignation as effective October 16, two months earlier than originally planned. This decision comes amidst ongoing federal investigations involving Banks and other key figures in Mayor Eric Adams’ administration. Banks’ early departure allows the newly appointed chancellor, Melissa Aviles-Ramos, to begin work in her new role for the city’s public schools.

Federal authorities seized Banks’ personal and work phones on September 4th during a probe into alleged corruption within Adams’ administration. While Banks has denied any wrongdoing, this investigation has cast a shadow over his role as chancellor. The probe also involves Banks’ brother, Deputy Mayor Phil Banks, and their youngest sibling, Terence Banks, who is under scrutiny for his consulting firm’s city contracts. Despite the legal turmoil surrounding his family, David Banks emphasized his commitment to maintaining his integrity during his tenure.

City Hall released a statement explaining the decision to move up Banks’ resignation date. The administration stressed the importance of providing consistent leadership throughout the school year to avoid any disruptions. Aviles-Ramos, a lifelong educator, is set to take over as chancellor, with the administration expressing confidence in her ability to lead the city’s education system through this challenging period.

Banks first announced his intention to retire in September, originally planning to step down at the end of the year. His resignation follows a series of high-profile departures from Adams’ administration, including Police Commissioner Edward Caban and Health Commissioner Dr. Ashwin Vasan, all of whom have faced federal scrutiny. Banks, a close ally of Adams, had led the Department of Education since the mayor’s election in 2022.

As the investigation into Adams and his administration intensifies, Banks’ early resignation adds to the growing list of officials entangled in legal controversies. Mayor Adams, who has been indicted on bribery and wire fraud charges, continues to defend his administration’s work while maintaining his innocence in court.