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Mr. Simmons joined Thornburg Mortgage in April 2005. Previously he held the position of Managing Director at Countrywide Financial Corporation (CFC). Mr. Simmons was a founder of CFC's bank subsidiary, Treasury Bank, N.A., and served as chief operating officer, chief risk oversight officer and chief accounting officer of the unit.
During his five years at CFC, Mr. Simmons was responsible for developing and obtaining Federal Reserve Bank and Office of the Comptroller of the Currency approval of CFC's banking strategy as well as leading the acquisition and growth of Treasury Bank. During his tenure with Treasury Bank, Mr. Simmons was responsible for building the bank's lending, financial management, financial control, strategic planning and credit risk management infrastructure to support the bank's growth in assets from $80 million to over $40 billion, and pre-tax earnings to more than $500 million. Prior to CFC, Simmons served for two years as Senior Vice-President, Chief Operating and Financial Officer for CTUSA, the U.S. banking subsidiary of Canada Trust, the largest trust company in Canada with $79 billion in assets under management. Mr. Simmons also served for 13 years in a number of capacities at First Federal Savings and Loan Association of Rochester, New York, including Senior Vice-President and Chief Financial Officer. Mr. Simmons began his career at Marine Midland Bank as a Financial Planning Officer. | 