Department of Financial Institutions Kentucky Banking Commissioner to Help Lead National
Press Release Date:
Tuesday, May 29, 2012
Kelly May, Public Information Officer
FRANKFORT, Ky. - (May 29, 2012) - Charles Vice,
commissioner of the Kentucky Department of Financial
Institutions (DFI), has been voted into a leadership position
with the Conference of State Bank Supervisors (CSBS)
CSBS is an organization of banking regulators from
across the U.S. It gives state supervisors a national forum
to coordinate supervision of state-chartered financial
institutions and to develop regulatory policy.
As the new chairman-elect, Vice is primarily charged
with heading up the strategic plan for CSBS and filling in
for the chairman when he is not available. Vice will become
chairman of the governing board in 2013.
"This is an honor for me and for Kentucky," said Vice.
"Through this position, I can help lead state regulatory
efforts and continue to strengthen relationships with federal
regulatory agencies that oversee the financial industry."
Vice is the second Kentucky commissioner to serve in a
leadership role for this national group. Kentucky's first
banking commissioner, Thomas J. Smith, in 1913 was the second
vice chair (now called vice chair) and in 1914 was president
(now called chairman) of the National Association of
Supervisors of State Banks, which later changed its name to
"As a former community banker, I know how much a
strong banking industry contributes to the economic stability
of the Commonwealth and the nation," said Secretary Robert D.
Vance of the Public Protection Cabinet, which houses DFI.
"The Beshear administration selected Charles to be the
commissioner of DFI because he understands and supports the
state-charter banks. His election to this important national
leadership role confirms the excellent job he's doing to
supervise Kentucky's community banks."
The 2012-2013 board of directors and officers was
elected at the May 21 board meeting. The chairman is Greg
Gonzales, Tennessee's banking commissioner. In addition to
Gonzales and Vice, the executive committee also includes
commissioners from Arkansas, Louisiana, Massachusetts and
Texas. District representatives, at-large board members and
other board members include banking regulatory leaders from
Alabama, Connecticut, Indiana, Iowa, Maine, Maryland,
Nebraska, New York, North Dakota, Oregon, South Dakota, Utah,
Washington and Wyoming. Chairmen emeritus also serve as
non-voting ex-official members of the board. The board acts
as the governing body of CSBS. For more information about
CSBS, visit www.csbs.org.
DFI, which traces its origin to the Banking Act of
1912, is an agency in the Public Protection Cabinet. For 100
years it has supervised the financial services industry by
examining, chartering, licensing and registering various
financial institutions, securities firms and professionals
operating in Kentucky. DFI's mission is to serve Kentucky
residents and protect their financial interests by
maintaining a stable financial industry, continuing effective
and efficient regulatory oversight, promoting consumer
confidence, and encouraging economic opportunities.