The American Bankers Association and numerous media sources, including Politico and American Banker, have reported that the White House has announced that President Trump will nominate Joseph Otting to serve as Comptroller of the Currency.  According to these reports, Mr. Otting is a former president and CEO of California-based OneWest Bank, where he worked with Steven Mnuchin, who now serves as Secretary of the Treasury. 

Mr. Otting is reported to have worked in banking for several decades, including at various other banks before joining OneWest Bank.  If confirmed by the Senate, Mr. Otting will replace Acting Comptroller Keith Noreika, who was appointed as Deputy Comptroller by President Trump last month and began serving as Acting Comptroller on May 5, 2017 after the departure of Comptroller Thomas J. Curry.