Indiana regulator named to state panel of Exam Council

Sept. 25, 2017 -- Tom Fite, director of the Indiana Department of Financial Institutions, has been named a member of the State Liaison Council (SLC) of the Federal Financial Institutions Examination Counci. The appointment fills out the council’s membership roster.

Fite is a long-time regulator, serving in field examination and regional supervision roles for the Indiana department for 15 years. In 2013, he was he was appointed deputy director of the department’s Depository Division; he was named director of the department in 2016. Fite is completing the remainder of the two-year term left vacant by the early departure of Judi Stork; his term expires in 2019.

He serves as the state regulatory agencies’ representative on the FFIEC Task Force on Supervision and on the Financial Crimes Enforcement Network’s Bank Secrecy Act Advisory Group. He served on the joint Interagency Supervisory Process Committee and was recently named Chairman of the CSBS Education Foundation.

The SLC consists of five representatives of state banking and credit union agencies that supervise financial institutions, appointed or confirmed by the FFIEC itself and various professional groups, including NASCUS.

The five-member SLC also includes: 

  • Mary Hughes, Financial Institutions Bureau Chief of the Idaho Department of Finance, (appointed by NASCUS);
  • SLC Chairman Greg Gonzales, Commissioner, Tennessee Department of Financial Institutions, appointed by the CSBS;
  • Edward Joseph Face, Commissioner of Financial Institutions for the Virginia State Corporation Commission's Bureau of Financial Institutions, confirmed by the Council; and
  • Caroline Jones, Commissioner of the Texas Department of Savings and Mortgage Lending, appointed by the American Council of State Savings Supervisors (ACSSS).