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Georgia Department of Banking and Finance Re-accredited by CSBS

Georgia Department of Banking and Finance Re-accredited by CSBS

October 29, 2013

Media Release

Conference of State Bank Supervisors
1129 20th Street, NW, 9th Floor, Washington, DC, 20036

10/24/2013

Washington, D.C. – The Conference of State Bank Supervisors (CSBS) announced today that the Georgia Department of Banking and Finance (the Department) has received a certificate of accreditation, verifying that the Department maintains the highest standards and practices in state banking supervision set by the CSBS Accreditation Program.  This is the Department’s fifth re-accreditation.

“I am very pleased we have received re-accreditation,” said Kevin Hagler, Commissioner of the Georgia Department of Banking and Finance.  “This is well-deserved recognition of the commitment of the staff here at the Department, who work hard each day to provide a safe financial system for the citizens of Georgia.”

“The Georgia Department of Banking and Finance has maintained its accreditation for more than 20 years, which is a tremendous accomplishment” said John W. Ryan, CSBS President and CEO.  “Congratulations are in order for Commissioner Hagler and his staff.”

The Department regulates and examines banks, credit unions, and trust companies chartered by the state of Georgia.  The Department also has regulatory or licensing authority over mortgage brokers, lenders, processors and originators; money service businesses; international banking organizations, and bank holding companies conducting business in Georgia.

The CSBS Accreditation Program involves a comprehensive review of the critical elements that assure a banking department's ability to discharge its responsibilities.  This is done through an investigation of all department operations including, administration and finance, personnel, training, examination, supervision, and legislative powers.  The high standards set by the Accreditation Program supports CSBS public interest goals by encouraging state banking departments to enhance their capability to promote safe and sound banking with a minimum of regulatory burden and cost, and by identifying highly competent state banking departments.

 More information on the CSBS Accreditation Program is available here.

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Media Contacts: 
Catherine Woody, Vice President of Media and Industry Outreach, cwoody@csbs.org or 202.728.5733
Rockhelle Johnson, Manager of Communications, rjohnson@csbs.org or 202.407.7156

The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands.  State banking regulators supervise 5,230 state‐chartered financial institutions.  Further, most state banking departments also regulate a variety of non-bank financial services providers, including mortgage providers.  For more than a century, CSBS has given state supervisors a national forum to coordinate supervision of their regulated entities and to develop regulatory policy.  CSBS also provides training to state banking and financial regulators and represents its members before Congress and the federal financial regulatory agencies.