Former Massachusetts Commissioner of Banks Thomas Curry is the White House pick to head up the Office of the Comptroller of the Currency (OCC), according to Reuters and other media reports Friday afternoon.

Curry, a member of the FDIC board since 2004, and served as state banking commissioner from 1990 to 1991 and again from 1995 to 2003. His possible selection as head of the OCC was rumored several weeks ago. David Cotney, current Commissioner of Banks and a longtime member of the state regulatory agency, called Curry a "terrific and experienced regulator," at the time, and told Banker & Tradesman that President Barack Obama would be well-served to have the former Bay State regulator aboard.

Curry is not the only commissioner to land a prominent Washington position: Steven Antonakes, who headed up the state agency after Curry, left his post after being appointed to the new Consumer Financial Protection Bureau in late 2010.

The OCC regulates the nation’s largest banks and the top job at the agency has been vacant since August, when John Dugan left the post, according to Reuters. The organization supervises Bank of America Corp., Citigroup and JP Morgan Chase & Co.