FDIC removes ‘acting’ from general counsel position, names four others (including 1 veteran)

A new general counsel and four others in leadership appointments – one of whom is a veteran of the agency – were announced Friday by the federal bank deposit insurance agency.

Three of the appointments were to remove the word “acting” from their titles.

Matthew P. Reed was named general counsel for the Federal Deposit Insurance Corp. (FDIC), a change that removed the “acting” from his title, which he had held since January. Before that, the FDIC said, he served as an executive in the agency’s emerging technology, anti-money laundering/cyber fraud policy group legal division. He has also served in the federal government at the Treasury Department’s Office of Financial Research (OFR); Securities and Exchange Commission; U.S. Department of Justice; and counsel to the U.S. Senate Judiciary Committee. He’s also worked in the private sector.

Meanwhile, the agency said that Dan Marcotte, a 35-year FDIC veteran, has also had the term “acting” removed from his title to come FDIC Ombudsman. He has served in the acting capacity since May, and had been the Chicago regional ombudsman since December 2014. The agency said the ombudsman serves as “an independent, neutral, and confidential liaison between the agency and any person or entity experiencing problems with the FDIC’s supervisory, examination, or resolution activities.”

The other three appointments announced by the FDIC were:

• Ryan Billingsley as Director of the agency’s Division of Risk Management Supervision (RMS), which oversees agency’s safety and soundness examination and supervision of insured commercial banks and savings institutions. He had been the “acting” RMS director since March 2025. Before that, he was deputy director of capital markets and accounting policy.
• Alex LePore as deputy to the acting chairman for policy. He rejoined the agency in January 2024, the agency said, as a deputy to the vice chairman and “has continued to serve as a key policy advisor to the Acting Chairman.”
• Mark L. Handzlik as special advisor to the acting chairman. He was named a deputy to the vice chairman in January 2023 and continued to serve as a key policy advisor to the acting chairman, the agency said.

FDIC Announces Five Senior Leadership Appointments