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Boards and Commissions
Last Update: 4/29/2021
Banking Commission
Status
Current
Type of Board
Permanent
Authority
R.C. 1123.01
Total Membership
9
Dates of Appointment
2 after the second Monday in January of each year
term commences February 1
Term Length
4 years
Ending Date of Term
January 31
Report Requirements
Not applicable
Chairperson
Deputy Superintendent for Banks
Subject To Sunset Review
Yes
Full-time
No
Restriction on Partisan Affiliation
No
Senate Confirmation Required
Yes
Expiration Date
December 31, 2024
Appointment Authority
Governor
Membership Composition
Members with other stated qualifications, Statewide elected officials/department heads
Compensation
Expenses Only
Staff Assistance
None specified
Additional Information
The Banking Commission membership was revised by Am. Sub. H.B. 49 of the 132nd G.A. Pursuant to section 130.24 of that act, the Commission will, on an interim basis, include former members of the abolished Savings and Loan Bank Board.
Qualifications
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.