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Financial Institutions Board

Authority: KRS 286.1-013
Status: Active
Term: 4 years
Chair: Commissioner of Financial Institutions
Description: The Financial Institutions Board is an agency within the Environmental and Public Protection Cabinet and is made up of twelve gubernatorial appointees. The Board is responsible for the licensing, chartering, and regulation of the activities performed by the state chartered/licensed depository and non-depository financial institutions. The Board is also in charge of administrating the activities by individuals and firms who sell or provide advice on securities to residents of the Commonwealth.
Composition: 12 members appointed by the Governor as follows: 3 members selected from the banking industry regulated by the dept. with appropriate recognition as to bank size and geographic diversity; 3 members selected from the broker/dealer securities industry regulated by the dept.; 1 member selected from the credit union industry regulated by the dept.; 1 member selected from the consumer finance or industrial loan industry regulated by the dept.; 3 members selected from the public at-large who are knowledgeable concerning financial institutions, the legislative process and consumer interests, 2 of whom are not employees, officers or directors of any financial institution; and Commissioner of Financial Institutions, who shall serve as Chairman. No member shall serve more than 2 consecutive terms.
Compensation: $100.00 plus expenses
Meeting Schedule: Annually, usually in September or October; and Meets at the call of the Chair
Number of Members: 12
Needs Senate Confirmation: No
          1025 Capital Center Drive, Suite 200
          Frankfort, KY
County: Franklin
Phone: (502) 573-3390
Fax: (502) 573-8787


NameAppointedTerm ExpiresPositionCounty
Sights, James Dale10/14/201510/10/2019Member; Banking industry representativeHenderson
Roberts, Joseph Phillip10/14/201510/10/2019Member; Broker/dealers securities representativeFayette
Bradley Jr., Marhsall10/14/201510/10/2019Member; Banking industry representativeJefferson
Rogers, James Michael10/7/201610/10/2020Member; representing the broker/dealer securities industry
Potish, Kenneth Alan10/7/201610/10/2020Member; representing citizens at large
Vice, Commissioner CharlesEx-OfficioAdair
Wilson, Michael Douglas8/10/201710/10/2020Member; Representing the banking industryEstill
Penque, Michelle10/31/201710/10/2021MemberFayette
Varner, Joseph William10/31/201710/10/2021MemberWarren
Harbin, Karen C.10/25/201810/10/2022Member, representing Credit union industryFranklin
Stockton, David Martin12/13/201810/10/2022Member, representing the consumer finance or the industrial loan industryFranklin
Collins, Gwendolyn C.6/19/201910/10/2020Member, representing the broker/dealer securities industryFayette

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