The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
November 1, 2005

Fact Sheet: Coordinating Federal Support for Gulf Coast Rebuilding

Today, The President Selected Federal Deposit Insurance Corporation (FDIC) Chairman Donald E. Powell To Be The Coordinator Of Federal Support For The Gulf Coast's Recovery And Rebuilding. Don Powell will serve as the Administration's primary point of contact with State and local governments, the private sector, and community leaders on long-term recovery and rebuilding plans. As Federal Coordinator, he will work with Congress and Federal departments and agencies to provide effective, integrated, and fiscally responsible support for Gulf Coast recovery.

By Executive Order, The President Is Also Establishing The Gulf Coast Recovery And Rebuilding Council. Based within the Executive Office of the President, the Council will be chaired by National Economic Council Chairman Al Hubbard, and its members will consist of Cabinet members and other Administration officials.

Background On Don Powell

Don Powell Has The Experience Needed To Coordinate Rebuilding Efforts. Since 2001, Don Powell has served as Chairman of the FDIC. Prior to being named FDIC Chairman, he was President and CEO of The First National Bank of Amarillo. He has more than 30 years of experience in the financial services industry.

Don Powell Has A Record Of Public Service. He served as Chairman of the Board of Regents of the Texas A&M University System, Advisory Board Member of the George Bush School of Government and Public Service, and Chairman of the Amarillo Chamber of Commerce. Don Powell has also served on a number of community organizations from the City of Amarillo Housing Board to the Franklin Lindsay Student Aid Fund and Cal Farley's Boys Ranch. He has also served on the boards of High Plains Baptist Hospital and the Harrington Regional Medical Center.

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