State statute recommends that the Financial Institutions Board should represent all segments of Kentucky’s financial industry and the public at large, as follows:
- One representative from the Department of Financial Institutions (DFI).
- Five representatives from the banking industry.
- One consumer finance representative.
- Three public at large representatives.
- One representative from the securities industry.
- One credit union representative.
DFI’s commissioner represents the department and chairs the board.
Financial Institutions Board Duties
Kentucky Revised Statutes (KRS) 286.1-013 outlines the Financial Institutions Board’s duties, which include the following:
- Prepare and submit, at the governor’s request, a list of candidates qualified to serve as commissioner and recommend to the governor a proposed salary for each nomination for commissioner.
- Recommend to the governor a proposed salary structure for other office staff in order to provide competitive salaries for recruitment and retention of staff.
- Receive and comment on various reports relating to the agency and its activities as submitted to the board by the commissioner or the governor.
- Review, consider and make recommendations to the commissioner on any matters referred to the board by the commissioner or the governor.
- In no event shall the board or its members interfere with the statutory duties of the commissioner, whose decisions shall be governed by law.
Commissioner Charles A. Vice, Chair (Department of Financial Institutions)
David Alexander Cook (Home Federal Bank)
Dr. Jane Greer (First National Bank of Manchester)
Karen Conyers Harbin (Commonwealth Credit Union)
Jonathan D. King (Edward Jones)
Michelle Diane Penque (Great American Insurance Company)
John W. Ridley (The Ridley and Hull Group of Wells Fargo Investors)
James Michael Rogers
Terry L. Spears (Community Trust Bank)
David Martin Stockton (Stockton Mortgage Corp.)
Jason Edward Stuecker (Forcht Bank)
Joseph William Varner