Office of Thrift Supervision
John M. Reich, Director
John M. Reich was sworn in August 9, 2005, as Director of the Office of Thrift Supervision (OTS). The President nominated Reich to be OTS Director on June 7, 2005, and the Senate confirmed his nomination on July 29, 2005. In this capacity, Reich continues to serve as a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC).
Before joining the OTS, Reich served since November 2002 as Vice Chairman of the Board of Directors of the FDIC. He has been a member of the FDIC Board since January 2001. He also served as Acting Chairman of the FDIC from July to August 2001.
Prior to coming to Washington, Reich spent 23 years as a community banker in Illinois and Florida, including 10 years as President and CEO of the National Bank of Sarasota in Florida.
Reich also served for 12 years on the staff of U.S. Senator Connie Mack (R-FL) before joining the FDIC. From 1998 through 2000, he was Senator Mack's Chief of Staff, directing and overseeing all of the Senator's offices and committee activities, including those at the Senate Banking Committee.
Reich's community service includes serving as Chairman of the Board of Trustees of a public hospital facility in Fort Myers, Fla., and Chairman of the Board of Directors of the Sarasota Family YMCA. He has also served as a board member for a number of civic organizations and was active for many years in youth baseball programs.
Reich holds a B.S. degree from Southern Illinois University and M.B.A. from the University of South Florida. He is also a graduate of Louisiana State University's School of Banking of the South.
