Banking Department

(redirected from State Banking Departments)

Banking Department

A cabinet-level agency of a state government charged with regulating banking in that state. In some states, the banking department also has responsibility over other financial instruments, such as insurance companies.
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CSBS accreditation seeks to strengthen state banking departments and to demonstrate the high quality of state banking departments to the general public, the federal banking agencies, Congress, and other state banking departments.
The Conference is responsible for defending state authority to determine banking structure and the products and services state-chartered institutions can offer and for improving the quality of state bank supervision by providing department performance evaluation and accreditation programs and supervisory education/training programs for state banking department personnel.
Mortgage bankers are regulated by state banking departments, and many states require them to be licensed as well.
In these circumstances, the Federal Reserve informed senior officials at the state banking departments in New York and California.
As the banking industry evolves, state banking departments work to keep up with the changing industry that they regulate.
A fundamental goal of CSBS is enhancing the professionalism of state banking departments and their personnel.
The past several years, Commissioner Ghiglieri said, have seen "landmark cooperation and coordination" among state and federal regulators, as well as "Smarter use of technology, improved examiner training, and an enhanced accreditation program of state banking departments.
lending institutions, federal banking regulatory and enforcement agencies, many state banking departments, Fannie Mae, Freddie Mac and industry recognized law firms and consultants as a PCi client.
Within the next six months, state banking departments will develop ground rules for supervising multi-state banks and bank holding companies.
Tidalwave Holdings President Leon Kline stated: "FAMS was perfect for acquisition by a public company, and is licensed by both The Florida State Banking Department, other state banking departments, and various agencies of the federal government, and is prepared for the reporting requirements of being a division of a public company.

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