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Stan Ivie Named San Francisco Regional Director

FOR IMMEDIATE RELEASE
November 7, 2007
Media Contact:
Tibby Ford (202-898-6993)

Sandra L. Thompson, Director of the Federal Deposit Insurance Corporation's (FDIC) Division of Supervision and Consumer Protection (DSC), today announced the appointment of Stan Ivie as Regional Director of DSC's San Francisco Region. The appointment is effective January 1, 2008.

"Stan is a proven manager who has demonstrated the leadership skills and vision necessary to head DSC's operations in San Francisco. He has done so in an exemplary manner in the past; I am confident of his ability to continue to address the challenges of the position in the future" said Director Thompson.

Mr. Ivie, a 23-year FDIC veteran, is currently the Regional Director for the Dallas Region. As Regional Director in San Francisco, Mr. Ivie will oversee the FDIC's bank supervision activities in Alaska, Arizona, California, Guam, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming. There are 777 insured institutions with assets of $1.4 trillion in the San Francisco Region. Reporting to Mr. Ivie will be George Doerr, Deputy Regional Director (Risk Management) and Frank Hartigan, Deputy Regional Director (Compliance).

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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 8,615 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. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200). FDIC-PR-93-2007




Last Updated 11/7/2007 communications@fdic.gov