Oklahoma State Banking Department
The Oklahoma State Banking Department (OSBD) is an agency of the state of Oklahoma. The Banking Department is responsible for regulating Oklahoma's banking system, including state-chartered banks, credit unions, savings and loan associations, and trust companies, as well as cemeteries and money order companies. The department also handles consumer complaints involving state-regulated financial institutions.
The Banking Department is led by a State Banking Commissioner who is appointed by the Governor of Oklahoma with the consent of the Oklahoma Senate to serve a four-year term. Assisting the commissioner is the State Banking Board, which consists of six member appointed by the governor and the commissioner as chair.
The current State Banking Commissioner is Mick Thompson, a former Oklahoma State Representative who has severed in that position since September 1, 1992, when he was appointed by Governor David Walters. He has since been reappointed by Governors Frank Keating and Brad Henry in 1996, 2000, 2004 and 2008.
The Department was created in 1967 during the term of Governor Dewey F. Bartlett.
Read more about Oklahoma State Banking Department: Organization, State Banking Board, Budget, Staffing, See Also
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