Indiana regulator named chairman of state advisory group for federal regulators’ umbrella group

Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the umbrella group for federal financial agencies, the group said Monday.

Fite will serve a one-year term as SLC chairman, the Federal Financial Institutions Examination Council (FFIEC) said, from May 1 to April 30, 2022. The SLC is one of several committees of the FFIEC, which counts as members all of the federal financial institution regulators. The SLC is made up of state financial institution regulators; it advises the FFIEC on matters of importance to state banking and credit union regulators.

Fite was also reappointed to a two-year membership term on the SLC, which he first joined in 2017. Director of the Indiana regulator’s office since January 2016, Fite served before that as deputy director of the department’s depository division and, for 15 previous to that, served in field examination and regional supervision.

The five-member SLC, in addition to Fite, also includes:

  • Kevin Allard, Ohio Division of Financial Institutions superintendent, designated by the American Council of State Savings Supervisors (ACSSS);
  • Melanie Hall, Montana Division of Banking and Financial Institutions commissioner, confirmed by the council;
  • Susannah Marshall, Arkansas State Bank Department commissioner, designated by the Conference of State Bank Supervisors (CSBS); and
  • Stephen Pleger, State of Georgia, Department of Banking and Finance senior deputy commissioner, designated by the National Association of State Credit Union Supervisors (NASCUS).

Fite Elected as State Liaison Committee Chairman, Reappointed to FFIEC State Liaison Committee