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Keith A. Noreika served as the Acting Comptroller of the Currency following the departure of Comptroller Thomas Curry on May 5, 2017. He held this position until Joseph Otting was sworn in as the 31st Comptroller of the Currency on November 27, 2017.
During this time, Mr. Noreika served as the administrator of the federal banking system composed of more than 1,400 national banks and federal savings associations and about 50 federal branches and agencies of foreign banks in the United States. These institutions comprised nearly two-thirds of the assets of the commercial banking system. Mr. Noreika also was a director of the Federal Deposit Insurance Corporation (FDIC) and member of the Financial Stability Oversight Council.
Prior to becoming Acting Comptroller, Mr. Noreika served as a partner in Simpson Thacher & Bartlett LLP and a member of the firm’s Financial Institutions Practice, where he focused on banking regulation and related litigation. He advised a wide range of domestic and international financial institutions on regulatory issues relating to mergers and acquisitions, minority investments, capital issuances, structuring and compliance activities, and litigation matters, particularly in the area of federal preemption.
Mr. Noreika’s experience included advising regional, multinational, and other banks on the structuring of their operations, including complying with the Volcker Rule and Consumer Financial Protection Bureau regulations, and Bank Secrecy Act and anti-money laundering rules. He has represented national banks before the U.S. Supreme Court, the U.S. Courts of Appeals, and the U.S. District Courts. He previously served as partner at Covington & Burling LLP.
Mr. Noreika has been an adjunct faculty member at the University of Pennsylvania Law School and the University of Virginia School of Law. He received his juris doctor in 1997 from Harvard Law School, where he was editor of the Harvard Law Review. He earned his bachelor of science from The Wharton School of the University of Pennsylvania in 1994.
