The confirmation of Joseph Otting to become permanent Comptroller of the Currency took a step closer Wednesday with the Senate voting 54-44 toward a final vote on his nomination.
Otting, 58, was nominated by President Donald Trump in June; his confirmation was recommended by the Senate Banking Committee (on a 13-10 vote) in early September.
When confirmed, he will replace Acting Comptroller Keith Noreika, who has been in office since May.
|INFO, BACKGROUND ON JOSEPH M. OTTING|
|POSITION||Comptroller of the Currency (31st) (confirmed by Senate: Nov. 16, 2017)|
|EDUCATION||B.A., University of Northern Iowa|
2016-2017: Managing partner, Ocean Blvd LLC and Lake Blvd LLC (golf course)
Aug.-Dec. 2015: Co-President, CIT Group Inc.; CEO/President of CIT Bank (terminated)
2010-15: President/CEO, board member, OneWest Bank (2011: Signed a consent decree with Office of Thrift Supervision regarding the bank's violations during the 2010 United States foreclosure crisis)
2001-10: U.S. Bank (subsidiary of U.S. Bancorp; Market President/Oregon, Dec. 2001-June 2003; executive vice president, manager of east region commercial banking group, June 2003-April 2005; vice chairman, head of commercial banking, and head of wholesale middle market business, 2005-10)
1986-2001: Union Bank (deputy regional vice president, senior vice president, executive vice president, group head of commercial banking)
1981-86: Bank of America