Former FDIC Chairman Endorses Roger Williams for Senate
Texas Business Leader Don Powell Calls Williams the Man to Help Turn the Economy Around
Lubbock, Texas — Former Chairman of the Federal Deposit Insurance Corporation and Texas businessman Don Powell today endorsed Roger Williams for the United States Senate and praised him “the only business candidate in this race.” Powell made the endorsement at a Tea Party Rally in Lubbock.
“Roger Williams doesn’t just talk about creating jobs, he’s done it,” Powell said. “That’s the kind of real world business experience that we need today in Washington. These are difficult economic times. And that’s why we need the leadership of Roger Williams. He has the best plan for cutting taxes, reducing government and creating more jobs. He is a great businessman, and he will make a great Senator.”
A life-long Texan, Powell has close to 40 years of experience in the financial services industry. He served as Chairman of the FDIC from 2001 to 2005. Prior to becoming FDIC Chairman, Powell was President and CEO of The First National Bank of Amarillo, which he started in 1997. He began his banking career in 1963 as Loan Officer and Secretary at the First Federal Savings & Loan of Amarillo. In 1971, he joined Boatmen’s First National Bank of Amarillo, where he became Chairman, President and CEO. He left Boatmen’s to start The First National Bank of Amarillo.
“I am honored to have the endorsement of a business leader like Don Powell,” Williams said in accepting the endorsement. “He understands that Washington can’t create new jobs; only the private sector can. And as Senator for Texas, I will work hard to change the policies in Washington so that we limit government and expand economic growth.”
Williams announced an exploratory committee for the United States Senate on December 12, 2008. A former professional baseball player and former college head coach, he is best known for his 35 years as a successful businessman and as Texas’ 105th Secretary of State. As Secretary of State, Williams worked tirelessly to promote economic development, investment and job creation across Texas. He also served as the state’s Chief Liaison for Texas Border and Mexican Affairs as well as Chair of the state’s 2005 Base Realignment and Closure Response Strike Force. Williams’ civic activities include serving on the Board of Trustees for the Bush School of Government and Public Service at Texas A&M University where he co-chairs the school’s capital fundraising campaign. Williams is also a member of the Texas Christian University Board of Trustees, his alma mater. He also serves on the National Football Foundation and College Football Hall of Fame Board of Directors as well as serving on the Admiral Nimitz Foundation Board of Directors in Fredericksburg, Texas.
Williams and his wife, Patty, reside in Weatherford and have two daughters.
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