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Jon T. Rymer Sworn in as Inspector General of the Federal Deposit Insurance Corporation
Jon T. Rymer was sworn in today as Inspector General of the Federal Deposit Insurance Corporation (FDIC). Patricia M. Black, Deputy Inspector General, had served as Acting Inspector General since Gaston L. Gianni, Jr., retired in December 2004.
Mr. Rymer joins the FDIC Office of Inspector General with experience as a banker, an auditor and a soldier.
As a banking executive, he held leadership roles in projects and activities ranging from running major business units to mergers and divestitures, systems conversions, and business and strategic planning. From 1981 through 1992, he was Executive Vice President of First American National Bank (previously known as Park National Bank and now known as AmSouth Bank), Knoxville and Nashville, Tennessee. He was also Executive Vice President of Boatmen's Bank of Arkansas, Little Rock, Arkansas (previously known as Worthen National Bank and now known as Bank of America), from 1992 through 1997.
While with the accounting firm of KPMG LLP, Chicago, Illinois, and Cincinnati, Ohio, from 1997 to 2004, Mr. Rymer served as Director and practice leader in the Assurance Based Advisory Services practice specializing in internal auditing and consulting for the banking industry.
Mr. Rymer also served 25 years in the active and reserve components of the U.S. Army. He received numerous U.S. Army and Ohio National Guard medals throughout his military career.
Mr. Rymer received a Bachelor of Arts degree in economics from the University of Tennessee in 1981, and a Master of Business Administration from the University of Arkansas at Little Rock in 1996. He also attended professional development and leadership training courses at the Defense Language Institute, Monterey, California; Tennessee School of Banking at Vanderbilt University; and the National Commercial Lending School at the University of Oklahoma.
Mr. Rymer has been active in civic, charitable and professional organizations, including the American Legion, Easter Seals and the Institute of Internal Auditors.
He is married to Debra Rymer and they have one son, Thomson Rymer, age 10.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,790 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. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-67-2006
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