History repeated itself Friday when the Federal Deposit Insurance Corp. named James L. Sexton the new head of its supervision division, effective Jan. 4. He succeeds Nicholas J. Ketcha, who retired last week.

Mr. Sexton, 58, joined the FDIC in 1965 and ran the supervision division in the early 1980s. He left in 1983 to serve as Texas' bank commissioner and joined the Austin, Tex., office of the Bracewell & Patterson law firm in 1987 as a financial institutions consultant.

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