BOSTON - March 30, 2012 -

Former Massachusetts Division of Banks Commissioner Named as Comptroller of the Currency

The Massachusetts Division of Banks is pleased that the United States Senate has voted to confirm Thomas J. Curry to serve as Comptroller of the Currency. The Office of the Comptroller of the Currency (OCC) is a key regulator that has a vital role in implementing the 2010 Dodd-Frank financial oversight law.

Since January 2004, Curry has served as a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and has also served as Chairman of the FDIC's Assessment Appeals Committee and Case Review Committee.

Prior to joining the FDIC, Curry served five Massachusetts Governors as the Commonwealth's Commissioner of Banks from 1990 to 1991 and from 1995 to 2003. He served as Acting Commissioner from February 1994 to June 1995 as well as First Deputy Commissioner and Assistant General Counsel within the Massachusetts Division of Banks after entering state government in 1982 as an attorney with the Massachusetts' Secretary of State's Office.

"Tom Curry will be a tremendous Comptroller of the Currency", said current Commissioner of Banks David Cotney. "From my early days at the Massachusetts Division of Banks, Tom served as a mentor providing invaluable guidance and expert insight. I am honored to call him a friend, pleased by his success, and eager to work with him in his new capacity."

In his new role as head of the OCC, Curry will continue to serve as a member of the FDIC Board of Directors along with Consumer Financial Protection Bureau Director Richard Cordray. In addition to Curry's confirmation, the Senate also voted to confirm Martin J. Gruenberg, Thomas M. Hoenig, and Jeremiah Norton to serve as members of the five-person FDIC Board of Directors.