OTS Deputy Named Interim Chief

The Office of Thrift Supervision announced that deputy director Richard M. Riccobono has been named acting director of the agency.The announcement came on Friday, the last day of service for departing OTS chief James E. Gilleran. Mr. Riccobono has been with the OTS since its inception in 1989 and has served as the agency's deputy director since May 1998. Prior to joining the OTS, Mr. Riccobono worked at the Federal Home Loan Banks of Boston and Atlanta in executive supervisory roles. During his career he has also worked at Deloitte & Touche. Mr. Gilleran has been mentioned as a candidate for the president's job at the FHLBank of Seattle, but industry officials have told MortgageWire that he likely will not get that position.