On January 27, 2015, CBAI’s Vice President Federal Governmental Relations, David Schroeder, met with Dan Marcotte, the Federal Deposit Insurance Corporation’s new Chicago Regional Ombudsman. The purpose of the meeting was to introduce Marcotte to the Community Bankers Association of Illinois and to learn of his background and experience.
Schroeder highlighted the importance of CBAI’s exclusive representation of Illinois’ community banks and reviewed CBAI's Federal Policy Priorities, which includes the need to address too-big-to-fail and support for tiered regulation for community banks. CBAI’s positions on taxing credit unions and abolishing the Farm Credit System were also discussed.
During his long career at the FDIC Marcotte served as Case Manager, Supervisory Examiner and Bank Examiner. He also served as a compliance and CRA Examiner in Charge. Since 2009, Marcotte was an Assistant Regional Director (ARD in the Chicago Region) in the Division of Risk Management Supervision. As ARD he oversaw the safety and soundness of 418 insured institutions and coordinated the region’s accounting, IT and Capital Markets examination program. His assignments included three rotations at the FDIC’s Washington, D.C. office. Marcotte’s diverse combination of skills and experience will help him perform the important tasks of this new position.
The FDIC’s Office of the Ombudsman was created by Congress in 1994 to serve as a confidential, neutral and independent resource for individuals who have questions, concerns or complaints about the FDIC regulatory process. Ombudsmen are advocates for a fair process and available to help resolve banking issues in an informal and discreet manner.
Marcotte stated, “After 24 years as a bank regulator, I am excited to assist the FDIC in providing this important service to the industry. As the new Chicago Regional Ombudsman I look forward to strengthening communication channels with our bankers, trade groups, and state banking departments and working with them to resolve concerns over regulatory matters.”
Chicago Regional Ombudsman Dan Marcotte can be reached at (312) 382-6908 or at email@example.com.