Donald E. Powell
Encyclopedia
Donald E. Powell became the 18th Chairman of the U.S. Federal Deposit Insurance Corporation
(FDIC) on August 29, 2001, and served through late 2005. He resigned to become Federal Coordinator of Gulf Coast recovery efforts following Hurricanes Katrina
and Rita
.
Prior to being named Chairman of the FDIC by George W. Bush, Powell was President and CEO of The First National Bank of Amarillo, TX. He began his banking career in 1963 at First Federal Savings & Loan of Amarillo.
Powell has served on a variety of boards, most notably as Chairman of the Board of Regents of the Texas A&M University System, Advisory Board Member of the George Bush School of Government and Public Service, and Chairman of the Amarillo Chamber of Commerce. Powell has also been a member of the City of Amarillo Housing Board and the boards of the Franklin Lindsay Student Aid Fund, the Cal Farley's Boys Ranch, High Plains Baptist Hospital, and the Harrington Regional Medical Center.
Powell received his Bachelor of Science degree in Economics from West Texas State University and is a graduate of The Southwestern Graduate School of Banking at Southern Methodist University.
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
(FDIC) on August 29, 2001, and served through late 2005. He resigned to become Federal Coordinator of Gulf Coast recovery efforts following Hurricanes Katrina
Hurricane Katrina
Hurricane Katrina of the 2005 Atlantic hurricane season was a powerful Atlantic hurricane. It is the costliest natural disaster, as well as one of the five deadliest hurricanes, in the history of the United States. Among recorded Atlantic hurricanes, it was the sixth strongest overall...
and Rita
Hurricane Rita
Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005...
.
Prior to being named Chairman of the FDIC by George W. Bush, Powell was President and CEO of The First National Bank of Amarillo, TX. He began his banking career in 1963 at First Federal Savings & Loan of Amarillo.
Powell has served on a variety of boards, most notably as Chairman of the Board of Regents of the Texas A&M University System, Advisory Board Member of the George Bush School of Government and Public Service, and Chairman of the Amarillo Chamber of Commerce. Powell has also been a member of the City of Amarillo Housing Board and the boards of the Franklin Lindsay Student Aid Fund, the Cal Farley's Boys Ranch, High Plains Baptist Hospital, and the Harrington Regional Medical Center.
Powell received his Bachelor of Science degree in Economics from West Texas State University and is a graduate of The Southwestern Graduate School of Banking at Southern Methodist University.