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Press Release
Joseph M. Drayton Joins New York State Banking Board

February 15, 2010

New York N.Y.: The New York State Banking Department today announced the appointment of Joseph M. Drayton to the New York State Banking Board. Drayton, who is succeeding Daniel J. Hogarty, Jr., was appointed by Governor David A. Paterson and confirmed by the State Senate. Drayton will serve as a public member.

“Joseph is a very welcome addition to Banking Board,” said Richard H. Neiman, Superintendent of Banks for the state of New York. “He is an accomplished member of the New York legal community and will be a great asset for the Board.”

Joseph Drayton serves as counsel at the New York office of Kaye Scholer LLP, a law firm representing public and private companies, government entities, financial institutions and other organizations in matters around the world. There Drayton represents organizations on a broad range of intellectual property, commercial and antitrust matters. He is currently a member of the Board of Governors for the University of Maryland Alumni Association.
 
Dayton graduated from the University of Maryland with a B.S. in electrical engineering and later received his law degree from the University of Pennsylvania.

The 17-member Banking Board includes both industry and public members and is chaired by the Superintendent of Banks, Richard H. Neiman. The board members receive no salary from the state for their work. More information about the New York State Banking Department and Banking Board is available on the Banking Department's Web site at www.dfs.ny.gov.

The New York State Banking Department is the regulator for all state-chartered banking institutions, virtually all of the United States offices of international banking institutions, all of the State’s mortgage brokers, mortgage bankers, check cashers, money transmitters and budget planners. The aggregate assets of the depository institutions supervised by the Banking Department are more than $2.4 trillion.

In addition to regulating banking institutions, the Banking Department is active in informing and educating all New Yorkers on banking matters. To contact the Banking Department, please call 1-877-BANK-NYS or visit our Web site at www.dfs.ny.gov.

 

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