PRESS RELEASE
Federal Deposit Insurance Corporation
May 18, 1999 Media Contact:
Phil Battey (202) 898-7192
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-24-99
FDIC APPOINTS FIVE SENIOR EXECUTIVES
FOR IMMEDIATE RELEASE
FDIC Chairman Donna Tanoue today announced the appointments of five senior
executives: Myrta "Chris" Sale as Chief Financial Officer; Arleas Upton Kea as Director
of the Division of Administration; Stephen Michael Cross as Director of the Division of
Compliance and Consumer Affairs; Frederick S. Selby as Director of the Division of
Finance; and D. Michael "Mickey" Collins as Director of the Office of Diversity and
Economic Opportunity.
In announcing the appointments, Chairman Tanoue said, "We are creating a senior
management team that will lead the FDIC into the new millennium. The talent,
knowledge and experience of our five new appointees – from inside the Corporation and
from outside – combined with the strong senior management we now enjoy – give us
the leadership we must have to meet the challenges of a changing financial services
industry and a changing America."
Ms. Sale, the new Chief Financial Officer, currently serves as Director of Management
Initiatives at the Office of Management and Budget (OMB). She coordinates OMB
oversight of Federal management initiatives under the direction of the Deputy Director
for Management.
Ms. Sale served as Chief Operating Officer of the Small Business Administration (SBA)
from September 1997 to July 1998.
Before joining SBA, she served as Deputy Commissioner for the Immigration and
Naturalization Service (INS) at the Department of Justice.
Federal Deposit Insurance Corporation
May 18, 1999 Media Contact:
Phil Battey (202) 898-7192
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-24-99
FDIC APPOINTS FIVE SENIOR EXECUTIVES
FOR IMMEDIATE RELEASE
FDIC Chairman Donna Tanoue today announced the appointments of five senior
executives: Myrta "Chris" Sale as Chief Financial Officer; Arleas Upton Kea as Director
of the Division of Administration; Stephen Michael Cross as Director of the Division of
Compliance and Consumer Affairs; Frederick S. Selby as Director of the Division of
Finance; and D. Michael "Mickey" Collins as Director of the Office of Diversity and
Economic Opportunity.
In announcing the appointments, Chairman Tanoue said, "We are creating a senior
management team that will lead the FDIC into the new millennium. The talent,
knowledge and experience of our five new appointees – from inside the Corporation and
from outside – combined with the strong senior management we now enjoy – give us
the leadership we must have to meet the challenges of a changing financial services
industry and a changing America."
Ms. Sale, the new Chief Financial Officer, currently serves as Director of Management
Initiatives at the Office of Management and Budget (OMB). She coordinates OMB
oversight of Federal management initiatives under the direction of the Deputy Director
for Management.
Ms. Sale served as Chief Operating Officer of the Small Business Administration (SBA)
from September 1997 to July 1998.
Before joining SBA, she served as Deputy Commissioner for the Immigration and
Naturalization Service (INS) at the Department of Justice.
She also held the positions of Acting Commissioner and Executive Associate
Commissioner for Management at INS.
Before joining the INS, Ms. Sale held numerous finance positions, including Director of
Finance for the U.S. Department of Veterans Affairs; Vice President, Finance and
Administration, and Treasurer, National Public Radio; Director, Office of Budget and
Management, State of Ohio; and Director of Financial Management for the Peace
Corps.
A native of Puerto Rico, Ms. Sale is fluent in Spanish. She holds a bachelor’s degree
from Boston University and a master’s degree in business administration from American
University.
"Chris Sale has been a remarkably valuable contributor to the work of several
government agencies, and I am excited that she is bringing her knowledge and
experience to the FDIC to serve in a position of crucial importance to our operations and
mission," FDIC Chairman Tanoue said of the appointment.
The new Director of the Division of Administration, Arleas Upton Kea, is an FDIC
veteran who joined the Corporation in 1985.
She has served as a Senior Attorney in the Corporation’s Legal Division, Professional
Liability Section, was promoted to Counsel in the Conflicts and Criminal Restitution
Section, returned to the Professional Liability Section as Senior Counsel, and served in
the Corporate Affairs Section as both Acting Deputy General Counsel, as well as
Assistant General Counsel, until named to her current position as Ombudsman for the
FDIC.
As Ombudsman, Ms. Kea served as a confidential and neutral source to raise concerns
regarding issues of fairness in the administration of FDIC’s programs.
Ms. Kea received undergraduate and law degrees from the University of Texas at
Austin.
"Ms. Kea has had a distinguished career at the FDIC, where she quickly rose through
positions of increasing responsibility in the Legal Division and was named Ombudsman.
She brought a high level of credibility to the Office of the Ombudsman, and today it
serves as a model for other such offices throughout government," said FDIC Chairman
Donna Tanoue. "Her knowledge and experience uniquely qualify her to manage
operations involving personnel, acquisitions, and corporate services, with a staff of 665
people and a budget of $227 million."
The new Director of the Division of Compliance and Consumer Affairs, Stephen Michael
Cross, is currently Deputy Comptroller for Community & Consumer Policy, Office of the
Comptroller of the Currency (OCC). In that position, he is responsible for establishing
the OCC’s policies for supervising national banks’ compliance with consumer protection
Commissioner for Management at INS.
Before joining the INS, Ms. Sale held numerous finance positions, including Director of
Finance for the U.S. Department of Veterans Affairs; Vice President, Finance and
Administration, and Treasurer, National Public Radio; Director, Office of Budget and
Management, State of Ohio; and Director of Financial Management for the Peace
Corps.
A native of Puerto Rico, Ms. Sale is fluent in Spanish. She holds a bachelor’s degree
from Boston University and a master’s degree in business administration from American
University.
"Chris Sale has been a remarkably valuable contributor to the work of several
government agencies, and I am excited that she is bringing her knowledge and
experience to the FDIC to serve in a position of crucial importance to our operations and
mission," FDIC Chairman Tanoue said of the appointment.
The new Director of the Division of Administration, Arleas Upton Kea, is an FDIC
veteran who joined the Corporation in 1985.
She has served as a Senior Attorney in the Corporation’s Legal Division, Professional
Liability Section, was promoted to Counsel in the Conflicts and Criminal Restitution
Section, returned to the Professional Liability Section as Senior Counsel, and served in
the Corporate Affairs Section as both Acting Deputy General Counsel, as well as
Assistant General Counsel, until named to her current position as Ombudsman for the
FDIC.
As Ombudsman, Ms. Kea served as a confidential and neutral source to raise concerns
regarding issues of fairness in the administration of FDIC’s programs.
Ms. Kea received undergraduate and law degrees from the University of Texas at
Austin.
"Ms. Kea has had a distinguished career at the FDIC, where she quickly rose through
positions of increasing responsibility in the Legal Division and was named Ombudsman.
She brought a high level of credibility to the Office of the Ombudsman, and today it
serves as a model for other such offices throughout government," said FDIC Chairman
Donna Tanoue. "Her knowledge and experience uniquely qualify her to manage
operations involving personnel, acquisitions, and corporate services, with a staff of 665
people and a budget of $227 million."
The new Director of the Division of Compliance and Consumer Affairs, Stephen Michael
Cross, is currently Deputy Comptroller for Community & Consumer Policy, Office of the
Comptroller of the Currency (OCC). In that position, he is responsible for establishing
the OCC’s policies for supervising national banks’ compliance with consumer protection