WASHINGTON Former Florida banker John M. Reich was confirmed late Friday by the Senate to the board of the Federal Deposit Insurance Corp.
Mr. Reich, who is currently chief of staff to Sen. Connie Mack, R-Fla., was nominated in October to succeed Andrew C. Skip Hove Jr., who plans to retire.
Mr. Reich said in an interview that he shared the goals of FDIC Chairman Donna Tanoue to maintain the health of the banking industry and address deposit insurance reform.
Im obviously honored to be confirmed by the Senate, Mr. Reich said in an interview Monday. The FDIC is an outstanding agency.
Mr. Reich was formerly the president and chief executive officer of National Bank of Sarasota, which had $450 million of assets before being bought by Citizens and Southern National Bank in 1987.