WASHINGTON — The U.S. Treasury has already announced a new head for its Community Development Institutions Fund, less than a day after the previous director, Kimberly Reed, announced her departure.

The new Director, Donna Gambrell, comes to the fund from the FDIC where she served as Deputy Director, Consumer Protection and Community Affairs in the Division of Supervision and Consumer Protection. She began her career with the FDIC in April 1991 as a Community Affairs Officer for the New York Region.

In 2006, Gambrell worked on the Gulf Coast rebuilding efforts in Louisiana and Mississippi where she spearheaded partnerships among financial institutions, government agencies, and community-based organizations to promote community and economic development in areas devastated by Hurricanes Katrina and Rita including low and moderate-income neighborhoods.

Prior to joining the FDIC, Gambrell worked at the Resolution Trust Corporation (1989-1991), the Federal Savings and Loan Insurance Corporation (1987-1989), and the U.S. General Accounting Office (1979-1987). Gambrell is a graduate of Towson State University and received a masters of Science degree from New York University. In 2004, she received a National Public Service Award for her innovative work over the years in formulating public-private partnerships.