WASHINGTON — Comptroller of the Currency John C. Dugan
announced today he has named Tim Long to be Senior Deputy
Comptroller for Bank Supervision Policy, and that Jennifer
Kelly will succeed Mr. Long as Senior Deputy Comptroller for
Mid-Size and Community Bank Supervision.
In his new role, Mr. Long will also serve as Chief National
Bank Examiner and as Chairman of the Committee on Bank
Supervision, which coordinates the OCC’s supervisory
activities. Ms. Kelly will also serve on the committee, along
with Doug Roeder, Senior Deputy Comptroller for Large Bank
Supervision.
Mr. Long succeeds Wayne Rushton, who will retire from the OCC in April after 42 years of service. Both appointments will start at that time, ensuring a smooth transition, Mr. Dugan said.
“It’s always difficult to lose a
senior executive who has the kind of experience and talent
that Wayne brought to the job,” Mr. Dugan said. “But I am
pleased that Tim and Jennifer have agreed to take on these new responsibilities. They both have extensive and varied backgrounds in bank supervision, and they’re the perfect choices to lead these arms of the OCC’s bank supervision program.”
Mr. Long joined the OCC in 1979, and held field positions
in the Western and Southwestern Districts before moving to the
Multinational Banking Division, where he gained substantial
problem bank experience during the energy and real estate
lending problems of the late 1980s and early 1990s. He has
held a series of leadership positions in the large bank arena,
serving as Examiner-in-Charge of Nationsbank (now Bank of
America), Wells Fargo Bank, and First Interstate Bank, before
becoming one of the agency’s three Large Bank Deputy
Comptrollers. As Senior Deputy Comptroller for Mid-Size and
Community Bank Supervision, he oversaw the creation of the
current mid-size program and implementation of the agency’s
risk-based approach to bank supervision.
Ms. Kelly, who also joined the agency in 1979, has
worked in problem bank supervision and policy development, and
gained international experience during a one-year assignment
to the Bank of England's bank supervision department. She
served as the Deputy Comptroller for Continuing Education,
where she was responsible for the training and development of
the OCC's examination staff, before assuming her current
duties as Deputy Comptroller for Mid-Size and Credit Card Bank
Supervision. In that capacity, she was the architect of the
agency’s current approach to supervision of this important
group of banks.
Mr. Rushton started his OCC career in 1965 as an assistant
national bank examiner. In 1975, he became Examiner-in-Charge
of the Atlanta Subregion. He later served as a LEGIS fellow in
the U.S. Congress in 1981, and then held assignments as the
first director of the OCC's Regional Bank Division, Director
of Multinational and Regional Bank Supervision, and Deputy
Comptroller for Multinational Banking, where he developed the
OCC’s first large bank resident examiner program. In 1989, he
was named deputy to the Director of the Resolution Trust
Corporation, where he was in the first wave of supervisors
dealing with the savings and loan clean-up, and he later
served as director of the OCC’s Special Resolutions
Department. He became Examiner-in-Charge of SunTrust Banks in
1993, and was named Senior Deputy Comptroller for Bank
Supervision Policy in 1997.
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