Joseph Otting
| Joseph M. Otting | |
|---|---|
|
Comptroller of the Currency Nominee |
|
| President | Donald Trump |
| Personal details | |
| Born | Maquoketa, Iowa |
| Education | University of Northern Iowa (B.A.) |
Joseph M. Otting (born 1962) is an American businessman. He was the President, Chief Executive Officer, and a member of the Board of Directors of OneWest Bank from 2010-2015. On June 5, 2017, President Donald Trump nominated Otting to become the Comptroller of the Currency, responsible for overseeing federally-chartered banks.
Otting grew up in Maquoketa, Iowa, the son of Daniel and Helen Otting.
He obtained a Bachelor of Arts degree in management from the University of Northern Iowa in 1981. His biography, released by the White House on June 5, 2017, included a claim that he was a graduate of the School of Credit and Financial Management at Dartmouth College. In fact, the school is a four-week continuing education program spread over two years, run by the National Association of Credit Management, a nonprofit Maryland organization; when he attended the school, classes were given on a Dartmouth campus. On June 7, in a brief emailed statement, the White House press office acknowledged its mischaracterization of Otting's credentials. A spokeswoman for Dartmouth said that Otting had misrepresented his education on his resume while the White House said that Otting had not misrepresented himself.
Otting started his career at Bank of America, where he held positions in branch management, private banking, and commercial lending. From 1986 to 2001, Otting was with Union Bank, where he held roles including deputy regional vice president, senior vice president, executive vice president, and group head of commercial banking.
Between 2001 and 2010, Otting worked for U.S. Bank, a subsidiary of U.S. Bancorp. Otting served as Market President of U.S. Bank in Oregon from December 2001 to June 2003 and as Executive Vice President and Manager of East Region Commercial Banking Group from June 2003 to April 2005. Until his departure in 2010, he served as one of eight Vice Chairman, Head of Commercial Banking, and Head of Wholesale Middle Market Business. During his tenure, he led U.S. Bank's efforts in California as the senior executive responsible for expansion in the region.
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