PacWest Bancorp in Los Angeles has named Stanley Ivie, a regional director for the Federal Deposit Insurance Corp., its chief risk officer and an executive vice president. He started Monday.

Ivie succeeds Suzanne Brennan, who will retire shortly, the $21 billion-asset company said in a regulatory filing this week.

Ivie had served as the FDIC's regional director in San Francisco since 2007. In that role, he led roughly 550 employees and directed the agency's supervision programs for risk management and depositor and consumer protection at more than 500 insured depository institutions.

Ivie previously served as the FDIC's regional director in Dallas, where his jurisdiction included the Gulf Coast area after the devastation caused by Hurricane Katrina. Before his work in Dallas, Ivie was deputy director for the division of resolutions and receiverships in Washington, where he was responsible for resolving failed banks nationwide in 2004 and 2005.

Brennan, who was PacWest's chief risk officer since 2011, according to her LinkedIn profile, will remain with the company through May 31 to assist with the transition of her responsibilities.

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.