Silicon Valley Bank, a major player in the tech industry, has collapsed, leaving the Federal Deposit Insurance Corporation (FDIC) to oversee its successor, Silicon Valley Bridge Bank, N.A. In response, the FDIC has appointed Timothy J. Mayopoulos as the CEO of Silicon Valley Bridge Bank, N.A.
Mayopoulos, an American businessman and lawyer, has a wealth of experience in the banking industry. He previously served as president and chief executive officer (CEO) of Fannie Mae, one of the largest mortgage finance companies in the United States. Prior to his time at Fannie Mae, Mayopoulos worked at several other prominent financial institutions, including Bank of America, Deutsche Bank, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette.
In addition to his role as CEO of Silicon Valley Bridge Bank, N.A., Mayopoulos is also the president and member of the board of directors at Blend. This puts him in a unique position to navigate the challenges of the banking industry, especially in the wake of Silicon Valley Bank's collapse.
His father, Harry B. Mayopoulos, was an avionics technician and union organizer, while his mother, Eleanor Ida (Raifsnider) Mayopoulos, worked part-time at a Sears store. Despite his humble beginnings, Mayopoulos went on to achieve great success in his career.
Tim Mayopoulos Age: How old is Tim Mayopoulos?
As of 2023, Tim Mayopoulos is 64 years old. Born on March 7, 1959, Mayopoulos grew up in a blue-collar family.