Nick Podsiadly was appointed General Counsel by the Board of Directors of the Federal Deposit Insurance Corporation on April 8, 2019. In this role, Nick manages the Legal Division of the Corporation representing the FDIC in matters before the courts, Congress, Executive Departments, and the White House, and oversees all legal matters affecting internal and external operations. He oversees FDIC attorneys across the country in support of the Corporation’s mission to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, making large and complex financial institutions resolvable, and managing receiverships.
Prior to joining the FDIC, he served as senior vice president and deputy general counsel for regulatory strategy and public policy at Fifth Third Bancorp. At Fifth Third, Nick oversaw Fifth Third’s regulatory, public policy, and government affairs initiatives, in addition to providing strategic guidance on banking policy and regulatory matters to senior executives. Nick worked closely with federal regulators, members of Congress and their staff, and industry trade associations to explain the impact of proposed legislation and regulations. He also oversaw a team of regulatory staff and attorneys responding to regulatory exams and managing regulatory change.
Before Fifth Third, Nick worked for Regions Financial Corporation as senior vice president for regulatory policy overseeing the bank’s regulatory portfolio in Washington D.C. While at Regions, Nick worked with staff from the FDIC, Federal Reserve, Consumer Financial Protection Bureau, and Office of the Comptroller of the Currency on emerging regulatory and legislative proposals.
Prior to joining Regions, Nick served as Vice President and Senior Counsel at the American Bankers Association, where he prepared draft legislation, amendments, and analysis of pending policy matters, and represented Association members before Congress and many federal agencies.
Prior to that, he spent nearly nine years working in the United States Senate for Senator Charles E. Grassley (R-IA) in several capacities. He first served as an Investigative Counsel on the Senate Committee on Finance overseeing various oversight matters including tax, healthcare, and federal regulations. He then served as the lead Counsel on the Senate Committee on the Judiciary in charge of national security, criminal law, constitutional law, and various civil litigation matters. While in the Senate, Nick also served as the Staff Director for the Senate Caucus on International Narcotics Control focusing on diplomatic and legal efforts to curb drug trafficking and money laundering.
Nick received a Bachelor of Arts from Iowa State University and received his Juris Doctor from Drake University.