The Community Bankers Association of Illinois (CBAI) congratulates Joseph M. Otting on the occasion of his being sworn in as the 31st Comptroller of the Currency. President Trump nominated Otting in June and was confirmed by the United States Senate on November 16th. He was sworn into office by Secretary of the Treasury Steven T. Mnuchin.
Otting takes the OCC helm from Keith Noreika, who was acting Comptroller following the departure of Thomas Curry. Otting brings to the position deep executive-level banking experience with CIT Bank, OneWest Bank, U.S. Bank, and Union Bank, and is distinguished from other recent Comptrollers because he has led banks whose primary regulator was the OCC. Blake Paulson, Deputy Comptroller (Central District) of the OCC said at a recent Federal Reserve Bank of Chicago Community Bankers Symposium that he believes Otting’s extensive management and banking experience will be positive for the Agency and the 1,400 national banks it regulates.
Mr. Otting holds a bachelor of arts in management from the University of Northern Iowa and is a graduate of the School of Credit and Financial Management, at Dartmouth College in Hanover, New Hampshire. Read OCC’s News Release.
November 30, 2017