Timothy Mayopoulos

After law school, Mayopoulos clerked for William C. Conner of the U.S. District Court for the Southern District of New York (1984-1986).[12] He then worked for the law firm Davis Polk & Wardwell (1986-1994), before serving on the Whitewater investigation as part of the Office of the Independent Counsel (1994-1996).

From 1996-2000, Mayopoulos was managing director and associate general counsel at Donaldson, Lufkin & Jenrette He served as managing director and senior deputy general counsel at Americas of Credit Suisse First Boston (2000-2001) and as managing director and general counsel for Americas of Deutsche Bank AG's Corporate and Investment Bank (2002-2004). He became executive vice president and general counsel of Bank of America in 2004.[13] In 2009, Mayopoulos was dismissed from his job as general counsel at Bank of America.[14][15]

Mayopoulos joined Fannie Mae in 2009 as executive vice president, general counsel, and corporate secretary. In 2010, he became chief administrative officer for Fannie Mae. He was named president and chief executive officer of Fannie Mae in 2012.[16] Mayopoulos worked to move Fannie Mae's long-time headquarters to the Midtown Center in Washington, D.C.[17]

In July 2016, Fifth Third Bancorp, Ohio's largest bank, dismissed its general counsel Heather Russell, because she was having a romantic relationship with Mayopoulos, who was separated from his wife at the time. The company stated that it believed this represented a conflict of interest.[18][19] Fannie Mae's Board of Directors and Fannie Mae's regulator and conservator, the Federal Housing Finance Agency, concluded that the relationship was not a conflict of interest. During his tenure at Fannie Mae, the company was profitable on an annual basis and delivered more than $167 billion in dividends to taxpayers.[20]

In June 2018, Fannie Mae has announced that by the end of the year, CEO Timothy Mayopoulos would step down from his post. The company has said that Mayopoulos would remain in his position until he leaves the business. The board of Fannie Mae said that it would continue the hunt for its replacement.[21]

Mayopoulos became the president of Blend in 2019. The move was noteworthy as Mayopoulos was one of the first high-profile executives to join the financial technology industry.[22] He also joined the company's board of directors.[23]

Following the collapse of Silicon Valley Bank in March 2023, the Federal Deposit Insurance Corporation appointed Mayopoulos as CEO of the bank's successor, Silicon Valley Bridge Bank, N.A.[24] Since 2017, Mayopoulos had been on a list of "seasoned financial services professionals" whom they could turn to in the event of a bank failure.[25]