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2001 Annual Report


Board of Directors


Photo: FDIC Board of Directors: Donald E. Powell, Chairman (seated), John M. Reich, John D. Hawke, Jr., James E. Gilleran (standing left to right)
FDIC Board of Directors: Donald E. Powell, Chairman (seated),
John M. Reich, John D. Hawke, Jr., James E. Gilleran (standing, left to right)

Donald E. Powell

Mr. Powell was sworn in as the 18th Chairman of the FDIC on August 29, 2001.

Prior to being named FDIC Chairman by President George W. Bush, Mr. Powell—a life-long Texan—was President and CEO of The First National Bank of Amarillo, where he started his banking career in 1971.

In addition to his professional experience as a banker, Mr. Powell has served on numerous boards at universities, civic associations, hospitals and charities.

He has been Chairman of the Board of Regents of the Texas A&M University System, which has more than 90,000 students. Mr. Powell also serves as Advisory Board Member of the George Bush School of Government and Public Service and as former Chairman of the Amarillo Chamber of Commerce.

Mr. Powell has also served on the Board of many other nonprofit, public and community organizations, including the United Way, the Harrington Regional Medical Center, the City of Amarillo Housing Board, and a number of other educational institutions.

He received his B.S. in economics from West Texas State University and is a graduate of The Southwestern Graduate School of Banking at Southern Methodist University.


John M. Reich


Mr. Reich was sworn in as an FDIC Board member on January 16, 2001. He served as Acting Chairman of the FDIC following Chairman Donna Tanoue's resignation on July 11, 2001, until Mr. Powell took office on August 29, 2001.

Before joining the FDIC, Mr. Reich served for 12 years on the staff of U.S. Senator Connie Mack (R-FL). 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 the Senate Banking Committee. Mr. Reich also oversaw management of the Joint Economic Committee and the Senate Republican Conference, where Senator Mack served as Chairman.

Mr. Reich joined Senator Mack's staff after 23 years in the banking business. Beginning as Cashier of the Busey First National Bank in Urbana, IL, Mr. Reich was successively Senior Vice President and Controller of The First National Bank of Fort Myers, FL; Vice President, Secretary-Treasurer and Chief Financial Officer of Southwest Florida Banks, Inc., Fort Myers; and President and CEO of the First Commercial Bank in Fort Myers and, later, at the National Bank of Sarasota.

Mr. Reich's substantial community service includes serving as Chairman of the Board of Trustees of a public hospital facility in Ft. Myers, FL, 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.

Mr. Reich holds a B.S. in accounting from Southern Illinois University and an 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.

Photo (left): At a ceremonial swearing-in on October 19, 2001, U.S. Supreme Court Justice Clarence Thomas (left) administers the oath of office to Donald E. Powell, the FDIC’s 18th Chairman, as Twanna Powell holds the Bible for her husband. Chairman Powell was officially sworn in on August 29, 2001. Left: At a ceremonial swearing-in on October 19, 2001, U.S. Supreme Court Justice Clarence Thomas (left) administers the oath of office to Donald E. Powell, the FDIC’s 18th Chairman, as Twanna Powell holds the Bible for her husband. Chairman Powell was officially sworn in on August 29, 2001.
Right: Former FDIC Chairmen William M. Isaac, Robert E. Barnett and L. William Seidman look on as Chairman Powell takes the oath of office. Photo (right): Former FDIC Chairmen William M. Isaac, Robert E. Barnett and L. William Seidman look on as Chairman Powell takes the oath of office.

John D. Hawke, Jr.

Mr. Hawke was sworn in as the 28th Comptroller of the Currency on December 8, 1998. After serving 10 months under a recess appointment, he was sworn in for a full five-year term on October 13, 1999. As Comptroller, Mr. Hawke serves as an FDIC Board member.

Prior to his appointment as Comptroller, Mr. Hawke served for three and a half years as Under Secretary of the Treasury for Domestic Finance. Before joining Treasury, Mr. Hawke was a senior partner at the Washington, DC, law firm of Arnold & Porter, where he began as an associate in 1962. While there, he headed the financial institutions practice, and from 1987 to 1995, served as the firm's Chairman. In 1975, he left the firm to serve as General Counsel to the Board of Governors of the Federal Reserve System, returning in 1978.

Mr. Hawke graduated from Yale University in 1954 with a B.A. in English. From 1955 to 1957, he served on active duty with the U.S. Air Force. After graduating in 1960 from Columbia University School of Law, where he was Editor-in-Chief of the Columbia Law Review, Mr. Hawke was a law clerk for Judge E. Barrett Prettyman on the U.S. Court of Appeals for the District of Columbia Circuit. From 1961 to 1962, he served as counsel to the Select Subcommittee on Education in the House of Representatives.

From 1970 to 1987, Mr. Hawke taught courses on federal regulation of banking at Georgetown University Law Center. He has also taught courses on bank acquisitions and financial regulation, and served as the Chairman of the Board of Advisors of the Morin Center for Banking Law Studies in Boston. Mr. Hawke also has written extensively on matters relating to the regulation of financial institutions.


James E. Gilleran


Mr. Gilleran became Director of the Office of Thrift Supervision (OTS) on December 7, 2001. As OTS Director, Mr. Gilleran is also an FDIC Board member.

Mr. Gilleran was Chairman and CEO of the Bank of San Francisco from October 1994 until December 2000. From 1989 to 1994, he was the California State Banking Superintendent. He served as Chairman of the Conference of State Bank Supervisors (CSBS) from 1993 to 1994, and was a member of the CSBS's Bankers Advisory Council until 2000.

Prior to his service as the California Banking Superintendent, Mr. Gilleran was managing partner of the Northern California practice of the public accounting firm KPMG Peat Marwick. Before serving as managing partner, he was in charge of KPMG's banking practice in the western region of the U.S. He was with KPMG from 1958 through 1987.

Mr. Gilleran has also been involved in a number of educational, civic and charitable organizations, including serving as Chairman of the American Red Cross of the (San Francisco) Bay Area.

Mr. Gilleran is a certified public accountant and a member of the American Institute of CPAs. He graduated from Pace University in 1955, and received his law degree from Northwestern California University in 1996.



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