Before joining A&M, Mr. Casteel served as Ombudsman of the Office of Thrift Supervision (OTS), acting as the liaison to the OTS-regulated national thrift Industry and addressing thrift institutions’ concerns about OTS regulatory actions. He was involved in industry outreach, communication and education, as well as serving as the Chairman of the OTS Appeals Committee, which decided formal appeals and challenges to regulatory decisions and rulings of the agency.
He served for more than 15 years as Regional Director of the Midwest Region of the OTS, which consisted of mid-western states from Texas to the Canadian Border. He also served with the Federal Home Loan Bank of Dallas (FHLB) as Director of Supervision on the Regulatory Affairs Staff during the thrift crisis of the late 1980s and early 1990s. With the passage of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the Regulatory Affairs Staff of the FHLB became part of the newly created OTS.
Mr. Casteel began his career with the Office of Comptroller of the Currency (OCC), the regulator and administrator of the national banking industry. There for more than eight years, he was a commercial, international and trust examiner. He gained extensive international experience, having been in charge of examinations in England and Ireland.
For more than 14 years, he was with Bank of America in credit administration and credit approval, serving as an SVP and as President and Senior Credit Officer of a state bank subsidiary.
Mr. Casteel earned a bachelor’s degree in accounting from Lamar University and a juris doctor from the University of Houston. He is a graduate of the Stonier Graduate School of Banking, Rutgers University, the School for International Banking, University of Colorado and an Executive Program at the Sloan School of Management at MIT.
He is a member of the American, Texas and U.S. Supreme Court Bar Associations, as well as a charter member and former Director of the Texas Association of Bank Counsel. He is a past president of the Texas Chapter of Risk Management Association and is also a certified mediator.