The Office of the Comptroller of the Currency (OCC) appointed Beverly F. Cole as the Deputy Comptroller for the Compliance Supervision, where she will report to the Senior Deputy Comptroller for Compliance and Community Affairs.
In this role, Cole will serve as the operational executive responsible for developing and promulgating compliance operational protocols, examination strategies, and schedules. She will also oversee a staff implementing bank supervision policy for compliance and establish programs to ensure efficient bank supervision for compliance. Cole will take on these duties starting July 2016 as announced by the OCC.
A native of Mississippi, Cole received her bachelor of arts degree in economics with an emphasis in business administration from Tougaloo College before beginning her career with the OCC in 1979 as an Assistant National Bank Examiner in Little Rock, Arkansas. In 1989 she was commissioned a National Bank Examiner. During her career, Cole served in a variety of supervision roles including Credit Specialist in the former Southeastern District, Credit Team Leads, and Assistant Deputy Comptroller for Specialties and Operations in the Northeastern District Office.
Prior to this position, Cole served as the Senior Advisor to the Senior Deputy Comptroller for Midsize and Community Bank Supervision. In this role, she provided advice on the implementation of policies and procedures relevant to the effective and efficient supervision of national banks and federal savings associations. In addition to her current position, Cole is also the Designated Federal Official for the OCC’s Minority Depository Institutions Advisory Committee.
According to Comptroller of the Currency Thomas J. Curry, “Beverly has dedicated her career to bank supervision. She is committed to ensuring national banks and federal savings associations comply with applicable laws and regulation and she understands that compliance goes hand-in-hand with safety and soundness as well as banks’ ability to provide equal access and fair treatment to their customers.”