The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor.
The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, who held the director’s post since May 2022, oversaw the FDIC’s work monitoring existing and emerging risks to the Deposit Insurance Fund (DIF) and led the Division of Insurance and Research’s (DIR) response to the 2023 regional bank failures (Silicon Valley Bank of Santa Clara, Calif.; Signature Bank of New York, N.Y.; and First Republic Bank of San Francisco in May).
The FDIC said Mitchell joined the agency in 2010 as a financial analyst and served in several other management roles before being named DIR director in May 2022.
Mitchell has also served as the FDIC’s 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, the agency said.
FDIC Announces Retirement of Patrick Mitchell, Director of the Division of Insurance and Research
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