FDIC APPOINTS SIMONA L. FRANK AND MICHAEL J. ZAMORSKI TO TOP OFFICES IN DIVISION OF SUPERVISION
FOR IMMEDIATE RELEASE
FDIC Chairman Ricki Helfer has appointed agency veteran Simona
L. Frank as Associate Director for Capital Markets and
Administration in the Division of Supervision (DOS) in Washington.
Separately, Acting Regional Director Michael J. Zamorski of the
FDIC's New York DOS office has been promoted to Regional Director.
Chairman Helfer said: "Simona Frank and Mike Zamorski bring
superb management talents and extensive regulatory and supervisory
experience to their new positions. They will continue to make
significant contributions toward the FDIC's goal of keeping banks
open and operating soundly and safely."
Mrs. Frank, Regional Director of the Chicago Office since
January 1992, will direct the Division's administrative, capital
markets, specialty examination, and financial reporting activities.
Joining the FDIC in 1965, Mrs. Frank first was assigned to
Madison, Wisconsin, where she was an assistant bank examiner. She
became a commissioned examiner in 1972. In 1978, Mrs. Frank was
selected as the Madison Region's Consumer Affairs/Civil Rights
Specialist. She transferred to Dallas in 1984, and in 1989 became
chief of the FDIC's newly created Special Situations Unit,
coordinating bank failure resolutions in the Dallas Region. She
was promoted to Assistant Regional Director in Dallas later that
year, then transferred to Chicago in 1992 as Regional Director.
A native of the Midwest, Mrs. Frank is a graduate of Lawrence
University in Appleton, Wisconsin, and of The Graduate School of
Banking at the University of Wisconsin.
Mr. Zamorski, Deputy Regional Director of the New York Office
since 1989, had been Acting Regional Director since June 1995. He
replaces Nicholas J. Ketcha Jr., newly appointed DOS Director in
Mr. Zamorski will oversee FDIC's bank examination/supervision
and corporate application programs for the states of New York, New
Jersey, Pennsylvania, Delaware, and Maryland, plus the District of
Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin
Mr. Zamorski's FDIC career dates back to 1977, when he joined
the agency as an assistant bank examiner in the Philadelphia
Region. He became a commissioned examiner in 1981. Subsequent
assignments took him to Kansas City, Washington, and Dallas. He
was one of four managers selected for the FDIC's Executive
Selection and Development Program in November 1985. As Assistant
Regional Director in Dallas, beginning in 1986, Mr. Zamorski
oversaw examination activity for numerous troubled banks in Texas.
He transferred to the New York Office in 1989.
Mr. Zamorski, a native of Wayne, Pennsylvania, is a graduate
(cum laude) of Villanova University, Villanova, Pennsylvania, with
a B.S. degree in economics, and of The Stonier Graduate School of
Banking at Rutgers University.
Congress created the Federal Deposit Insurance Corporation in 1933
to maintain public confidence in the nation's banking system. The
FDIC insures deposits at the nation's 12,000 banks and savings
associations and it promotes the safety and soundness of these
institutions by identifying, monitoring and addressing risks to
which they are exposed.