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CHAIRMAN TANOUE ANNOUNCES APPOINTMENT OF MARK JACOBSEN AS CHIEF OF STAFF OF THE OFFICE OF THE CHAIRMAN
FOR IMMEDIATE RELEASE
PR-69-99 (11-15-99)
Media Contact:
Steve Katsanos (202) 898-8669

Federal Deposit Insurance Corporation Chairman Donna Tanoue today announced the appointment of Mark Jacobsen as Chief of Staff of the Office of the Chairman.

"Mark Jacobsen joins the FDIC at an important moment in the history of American banking," Chairman Tanoue said. "With the signing of the Gramm-Leach-Bliley Act, the FDIC is taking on new supervisory challenges. Mark will assist me in directing our efforts in this new environment. His talent and experience in banking and supervision will contribute immeasurably to the Corporation's success."

Mr. Jacobsen has worked in all areas of banking, serving as a regulator, policymaker, lawyer and banker. He comes from Deutsche Bank and Bankers Trust Company, where he was a Managing Director. Prior to Deutsche Bank, Mr. Jacobsen served as the Chief of Staff of the Office of the Comptroller of the Currency (OCC), where he coordinated and reviewed all policy and operations functions. -more-

Before joining the OCC in 1993, Mr. Jacobsen practiced law at the D.C. law firm of Covington & Burling, where he specialized in financial institutions law. He is a graduate of Harvard Law School and holds a B.S. in physics from Wheaton College in Wheaton, Illinois.

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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 10,327 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 information, including today's quarterly listing, are available on the Internet via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 11/15/1999 communications@fdic.gov