WASHINGTON, Feb 7 (Reuters) - The U.S. Treasury

Department announced on Friday that Rodney Hood, a former credit

union regulator, would take over as the acting head of a leading

national bank regulator.

Hood would replace Michael Hsu as head of the Office of

the Comptroller of the Currency, which oversees the nation's

largest banks, from February 10, the OCC said in a statement.

Hsu served as the acting comptroller under President Joe

Biden. Hood will also serve in an acting capacity, and a

full-time nominee could be named at a later date.

The Treasury Department, in a separate statement, said

Secretary Scott Bessent also intends to appoint Hood as a deputy

comptroller and to designate him the first deputy comptroller of

the OCC.

"The strong leadership and career experience of Rodney Hood

will strengthen the OCC's efforts to ensure the safety and

soundness of the banking system while also enhancing economic

growth," Bessent said in the statement.

Hood previously served as the chairman of the National

Credit Union Administration under Trump and Biden, from 2019 to

2021. He was previously a vice chairman at that regulator, and

also had stints at JPMorgan Chase ( JPM ), Wells Fargo ( WFC )

and Bank of America ( BAC ), according to his LinkedIn bio.