FOR IMMEDIATE RELEASE
May 2, 2017
Contact: William Grassano
OCC Announces New Deputy Comptrollers in Midsize and Community Bank Supervision
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced the selection of Scott Schainost to be Deputy Comptroller for Midsize Bank Supervision and Troy Thornton to be Deputy Comptroller for the OCC’s Southern District.
“Scott and Troy bring more than three decades of bank supervision experience each with them to these new positions,” said Senior Deputy Comptroller for Midsize and Community Bank Supervision Toney Bland. “I know each of them will continue to make significant contributions to the safety and soundness of the federal banking system. We are fortunate to add people with such depth of experience and knowledge to our senior leadership team.”
Mr. Schainost will serve as one of two deputies responsible for overseeing the supervision of midsize national banks and federal savings associations. In this role, he will oversee a portfolio of companies with assets generally ranging from $5 billion to $60 billion, as well as a number of nationally chartered institutions. He will be based in Washington, D.C., and will report to the Senior Deputy Comptroller for Midsize and Community Bank Supervision. This is a new position created to enhance the supervision of midsize banks. He begins these responsibilities in May.
Mr. Schainost has held a variety of positions at the OCC with increasing responsibility during his 33 years at the agency. He began his career as an Assistant Bank Examiner in Kansas City, Mo., and moved on to supervise banks of all sizes, and to serve as a Field Manager, Assistant Deputy Comptroller, Associate Deputy Comptroller, and acting Deputy Comptroller on multiple occasions. Mr. Schainost has also chaired risk committees of the Western and Northeastern Districts, and served as a training instructor.
Mr. Thornton will serve as the Deputy Comptroller for OCC’s Southern District, headquartered in Dallas. The Southern District is one of four districts that make up the OCC’s community bank supervision. In this role, Mr. Thornton will oversee the supervision of more than 390 national banks, federal savings associations and trust companies, and 28 technology service providers spread over nine states from Texas to Florida. He will manage staff in 21 field and satellite offices throughout the district. He takes on this new role in June.
Mr. Thornton is filling a vacancy left by the retirement of Gilbert Barker in November 2016.
Mr. Thornton began his career at the OCC 31 years ago as a Field Examiner in Lubbock, Texas. Since then, he has served as a Field Manager, Problem Bank Analyst, Assistant Deputy Comptroller, and Associate Deputy Comptroller. Mr. Thornton has also supported the agency by chairing district risk and human resources committees, participating in the development and training of new and experienced examiners, and promoting the awareness of OCC expectations externally as a lead instructor for the OCC’s Community Bank Director Workshop program.
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