Editor’s note: This story is developing and will be updated.

The Senate confirmed Jonathan Gould to serve as comptroller of the currency, in a 50-45 vote Thursday.

Gould, who served as senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency during the first Trump administration, will succeed Acting Comptroller Rodney Hood and become the OCC’s first permanent chief since Joseph Otting in 2020.

“Jonathan will continue the important work started by Acting Comptroller Hood to return the OCC to its true purpose of chartering and supervising banks to ensure a safe and sound banking system,” Senate Banking Committee Republicans said in a statement Thursday on X.

The American Bankers Association, in its own statement Thursday, said it “look[s] forward to working with Comptroller Gould on a number of important regulatory issues in the years ahead, including advancing a rational regulatory framework that promotes a resilient and healthy national banking system and upholding the OCC’s commitment to national bank preemption.”