The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of John Vogel as Regional Director in New York. Until his promotion, Mr. Vogel had been serving in New York as Deputy Regional Director for Risk Management. Mr. Vogel directs the supervision of approximately 890 FDIC-insured depository institutions with assets of more than $1.5 trillion. The New York Region covers the states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, Pennsylvania, New Jersey, Delaware, Maryland, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
Sandra Thompson, Director of the Division of Risk Management Supervision said, "John is well-suited for the job. He brings to the table an abundance of experience, spending much of his 22-year FDIC career in New England plus two years at headquarters in Washington. I expect he'll be a major contributor to our senior management team."
Mark Pearce, Director of Depositor and Consumer Protection added, "I am pleased to have someone of John's caliber and talent to lead our New York Region. His sound judgment and diverse experience will serve him well in promoting public confidence in the banking system."
Mr. Vogel began his FDIC career in 1990 working at the Concord, N.H. Field Office. Since then he has served as a Bank Examiner and Supervisory Examiner in offices throughout New England. From 2004 through 2006, he was the Special Assistant to FDIC Board Member Thomas J. Curry in Washington, D.C., and then returned to New England as the Field Supervisor for the Southern New England Field Territory. In August 2009, Mr. Vogel became an Assistant Regional Director in New York, and was serving as Deputy Regional Director for Risk Management until now.
Mr. Vogel is a graduate of Keene State College, in Keene, New Hampshire, and the Stonier Graduate School of Banking at Georgetown University in Washington, D.C.
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 7,246 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-110-2012