KeyCorp (KEY) has added a retired federal bank regulator to its board.

The Cleveland bank has elected David K. Wilson, a former risk specialist at the Office of the Comptroller of the Currency, as a director.

Wilson spent 32 years at the OCC and retired last year. His posts included examiner in charge of two large banks, co-chair of the agency's national risk committee, deputy comptroller for credit and market risk and chief national bank examiner.

He also spent time in the private sector. Between 1992 and 1995, he was in charge of credit review and held other duties at First Interstate Bancorp in Los Angeles. Wells Fargo (WFC) took over First Interstate in 1996.

"David's unique insight and expertise will complement our diverse board as we work on behalf of Key's clients, shareholders and communities," Chairman and Chief Executive Beth Mooney said in a news release this week.

Directors with regulatory expertise are a hot commodity these days. Fred J. Joseph, the former banking commissioner in Colorado, joined the board of $4.9 billion-asset National Bank Holdings (NHBC) in June.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.