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Richard A. Sanchez serves as Executive Vice President and Chief Administrative Officer of both Fremont General Corporation, a financial services holding company and Fremont Investment & Loan, its wholly-owned bank subsidiary.
Richard Sanchez has served as both a bank executive and banking regulator. From 2002 through 2006, he was a director of Commercial Capital Bancorp, Inc. ("CCBI") and served as Executive Vice President, Chief Administrative Officer and Corporate Secretary for CCBI and Commercial Capital Bank. Richard Sanchez was responsible for corporate risk management and government relations, as well as policy development and review.
From 1993 to 2002, Richard Sanchez was Deputy Regional Director for the Office of Thrift Supervision ("OTS"), in the Western region. In this capacity, Richard Sanchez supervised examiners responsible for and planned and directed the examination and supervision of 85 insured financial institutions with total assets over $300 billion. Richard Sanchez directed the corrective actions of federally chartered thrifts found to be operating in an unsafe and unsound condition, or not operating in compliance with laws, regulations or federal regulatory policies. Richard Sanchez was the recipient of Treasury Secretary Awards in 1994 and 1996 in connection with the resolution of seriously troubled thrifts at no cost to the Resolution Trust Corporation or SAIF insurance fund. Mr. Sanchez supervised six assistant directors and a staff of approximately 100 professionals located in San Francisco, Seattle and Southern California. Richard Sanchez spent the six previous years at the predecessor agency of the OTS in various capacities, which included assistant director with supervisory responsibilities of both problem institutions and large institution groups.
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