Office of Thrift Supervision was created in 1989.
The federal agencies that regulate depository institutions are: Office of the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance System, National Credit Union Administration, and Office of Thrift Supervision.
Board of Directors & Senior ExecutivesBoard of DirectorsChairmanSheila C. BairVice ChairmanMartin J. GruenbergDirectorThomas J. CurryComptroller of the CurrencyJohn WalshDirector of the Office of Thrift Supervision (Acting)John E. Bowman
Though Superior Bancorp has not done well in the last 5-7 years, and they are operating under a consent agreement with the Office of Thrift Supervision, there is no news of anyone buying them. It is possible the OTS is brokering such a deal, which may not be public knowledge yet. Recent news cites a $10MM lawsuit against the thrift for allegedly lying to an investor about the institution's health and loan portfolio.
the FDIC is run like a private company by a five-member board of directors that includes the Comptroller of Currency, the Director of the Office of Thrift Supervision, and three presidential appointees.
TierOne Bank was founded in 1907. TierOne Bank in Lincoln, Nebraska was closed on June 4, 2010 by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC).
The owner of the company WaMu (Washington Mutual) Credit Cards was Washington Mutual Banks, until the company had it's collapse in the year of 2008. Then, the Office of Thrift Supervision took the company.
AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS); and National Credit Union Administration (NCUA) (collectively, the Agencies).
No, Bank of America did not buy Washington Mutual. Instead, Washington Mutual was seized by the Office of Thrift Supervision in September 2008 due to its financial difficulties and was subsequently sold to JPMorgan Chase. This acquisition was part of the larger fallout from the financial crisis of 2008.
Thrift Factory
You can find cabinets for your home office at many office supply stores like Staples or Office Depot. You can also visit thrift stores or garage sales for preowned office cabinets.
To become a commissioned thrift regulator, you typically need a background in finance, economics, or a related field, along with relevant work experience in banking or regulatory roles. You may also need to pass specific examinations and meet the qualifications set by regulatory bodies such as the Office of Thrift Supervision (OTS) or similar authorities. Networking and gaining experience through internships or entry-level positions in regulatory agencies can also enhance your chances of becoming a commissioned regulator. Finally, staying informed about industry regulations and compliance standards is crucial for success in this role.