The Federal Deposit Insurance Corporation (FDIC) appointed Kristie K. Elmquist as Regional Director for the FDIC's Dallas Regional Office. Ms. Elmquist was the Acting Regional Director for that office since April 2010. Ms. Elmquist directs the supervision of approximately 1,600 FDIC-insured depository institutions with assets of more than $790 billion. The Dallas Region covers the states of Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee and Texas.
Ms. Elmquist has held a number of management positions during her 23-year career with the FDIC. In 2008, she served as Deputy Regional Director in Dallas for Risk Management. She also was Acting Associate Director for Compliance Examination Support; Assistant Regional Director; Corporate University Chair for Consumer Protection and Risk Management; and Field Supervisor.
Sandra Thompson, Director of the Division of Risk Management Supervision said, "Kristie has done a superb job serving as the Acting Regional Director for the past year and brings a proven record of leadership, expertise, and sound judgment to the position."
Mark Pearce, Director of the Division of Depositor and Consumer Protection added, "I am confident Kristie will do an outstanding job in promoting public confidence in the banking system through her leadership of our Dallas region."
Ms. Elmquist holds commissions in both Risk Management and Compliance and has served in the FDIC's offices in Dallas, Kansas City, New York and Washington, D.C.
Ms. Elmquist graduated with honors from Iowa State University with a Bachelor's degree in Business Administration-Finance. She also graduated with honors from the Stonier Graduate School of Banking, University of Delaware.
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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 7,437 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-193-2011