WASHINGTON — In a move that has raised eyebrows in the financial sector, Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC), marking a new era in financial regulation under his leadership.
Chairman Hill, who has been serving as Acting Chairman of the FDIC Board since January 20, 2025, brings a wealth of experience to the role, having previously served as Vice Chairman since January 5, 2023. His nomination by President Trump on September 30, 2025, for a term of five years was confirmed by the Senate on December 18, 2025.
Prior to joining the FDIC Board, Chairman Hill served in various roles at the FDIC, the United States Senate Committee on Banking, Housing, and Urban Affairs, and Regions Financial Corporation. He received a Bachelor of Science from Duke University, where he studied economics and political science, and a Juris Doctor from Georgetown University Law Center.
The swearing-in ceremony, which took place on January 13, 2026, marks a significant milestone in Chairman Hill’s career, and his leadership is expected to shape the direction of financial regulation in the country. As Chairman of the FDIC, Hill will play a crucial role in overseeing the stability of the financial system and protecting depositors’ funds.
Chairman Hill’s experience and expertise in financial regulation are expected to be invaluable assets in his new role. His background in economics and law will likely inform his decision-making as he navigates the complex landscape of financial regulation. As the FDIC continues to play a critical role in maintaining the stability of the financial system, Chairman Hill’s leadership will be closely watched by industry experts and stakeholders.
In a statement, the FDIC said that Chairman Hill’s confirmation and swearing-in marked an important milestone for the agency. The FDIC also provided contact information for media inquiries, with requests being directed to MediaRequests@fdic.gov. As Chairman Hill begins his term, he will face numerous challenges and opportunities to shape the future of financial regulation in the United States.
The FDIC, which was created in 1933, provides deposit insurance to protect depositors in case of bank failures. The agency also supervises and regulates banks to ensure their safety and soundness. With Chairman Hill at the helm, the FDIC is poised to continue its critical work in maintaining the stability of the financial system and protecting the interests of depositors.
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