Carmen Sullivan, Director of the Division of Compliance and
Consumer Affairs, has announced a reorganization of the Division
and the appointment of three new Associate Directors.
Three branches, each headed by an Associate Director, will
combine functions formerly handled by five sections:
The Supervision and Regulations Branch consolidates the
Division's compliance, fair lending, and CRA
examination activities. Steven D. Fritts, a 20-year
FDIC veteran, has been named Associate Director.
The Consumer/Community Affairs/Outreach Branch informs
consumers and bankers about consumer protections
(including federal deposit insurance), promotes
compliance with community reinvestment and fair-lending
laws, and helps develop FDIC policies related to
consumer affairs. Donna J. Gambrell, formerly DCA
Deputy Regional Director in New York, has been selected
to be Associate Director.
The Operations Branch directs the Division's technology
initiatives, internal control programs and support
functions. James V. Deveney is the new Associate
Director; most recently, he was DCA's Chief of
Operations and Control.
"We now have in place an exceptionally strong management
leadership team with these important additions to our senior
staff," said Ms. Sullivan. "Consolidating our operations will
result in significant and tangible changes in the Division's
daily operations."
Mr. Fritts joins DCA from the Division of Supervision (DOS).
Mr. Fritts joined the FDIC as a bank examiner in Hays, Kansas.
He spent 10 years as a bank examiner and review examiner before
becoming Assistant Managing Liquidator in the Knoxville
Consolidated Office. In 1989, he joined the Resolution Trust
Corporation (RTC) as Deputy Regional Director in Dallas. He
rejoined the FDIC in 1993 as Assistant Director in the Division
of Depositor and Asset Services. Before being named to his most
recent position, he was DOS Assistant Regional Director in
Dallas. Mr. Fritts is a graduate of Murray State University,
Murray, Kentucky.
Ms. Gambrell joined the FDIC in 1991 from the RTC. From
1991 to 1996 she was a Community Affairs Officer in DCA's New
York Region. She served as Deputy Regional Director in New York
from 1996 until being appointed to her current position. Ms.
Gambrell is a graduate of Towson State University, Baltimore,
Maryland.
Mr. Deveney was DCA's Chief of Operations and Control before
being appointed to this new position. Mr. Deveney joined the
FDIC in 1994 from the RTC. Mr. Deveney holds a bachelor's degree
and an MBA from Drexel University, Philadelphia, Pennsylvania.
Congress created the Federal Deposit Insurance Corporation in 1933 to restore
public confidence in the nation's banking system. The FDIC insures deposits
at the nation's banks and savings associations and it promotes the safety and
soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed.
FDIC press releases and other documents are available on the Internet via the
World Wide Web at www.fdic.gov. They may also be obtained through the FDIC's
Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C.
20434 ((703) 562-2200 or 800-276-6003).
