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FDIC Announces Retirement of Patrick Mitchell, Director of the Division of Insurance and Research

May 30, 2025

WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the retirement of Patrick (Pat) Mitchell, Director of the Division of Insurance and Research (DIR). 

“Pat’s intellectual prowess, wide-ranging expertise, and deep understanding of economic, banking, and policy issues has been a tremendous resource for our agency,” said FDIC Acting Chairman Travis Hill. “Whether he was analyzing risks in the banking sector or managing the FDIC’s Deposit Insurance Fund (DIF), Pat always approached his work thoughtfully and proficiently.”

Mr. Mitchell joined the FDIC in 2010 as a financial analyst and served in several other management roles before being named division director in May 2022. He oversaw the FDIC’s work monitoring existing and emerging risks to the DIF, and led DIR’s response to the 2023 regional bank failures. 

During his 15 years at the FDIC, Mr. Mitchell also served as Deputy Director for Risk Analysis and Pricing, Associate Director of Asset Management in the Division of Resolutions and Receiverships (DRR), and Chief of DIR’s Large Bank Pricing section. 

Mr. Mitchell is a Chartered Financial Analyst and earned a Master of Business Administration degree from the University of North Carolina at Chapel Hill and a Bachelor of Science degree in economics from the United States Military Academy. He also attended the Senior Managers in Government program at the Harvard Kennedy School.

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Contact(s)
MediaRequests@fdic.gov

Last Updated: May 30, 2025