Boards and Commissions

8 appointed by Governor with advice and consent of Senate: at least 6 members must be executive officers of banks and all members must have banking experience as a director or officer of a bank, savings bank, or savings association insured by the FDIC, a bank holding company, or a savings and loan holding company. Membership must represent the banking industry as a whole and include representatives of banks of various asset sizes and ownership structures as determined by the Governor after consultation with the Superintendent of Financial Institutions. No person may be a member who has been convicted of or pleaded guilty to a felony involving an act of fraud, of dishonesty, or a breach of trust, theft, or money laundering. A member may not serve more than 2 consecutive full terms, except that a member may serve 2 consecutive full terms following remainder of a term for which the member was appointed to fill a vacancy. Ex officio: Deputy Superintendent for Banks.