Banking Board Membership

Banking Board Members as of December 31, 2001

The Banking Board was established by and derives its authority from Sections 13 and 14 of the New York State Banking Law.  It is a quasi-legislative body, whose members serve without pay, which promulgates regulations of both a general and specific nature for the conduct of the banking business in the State of New York.  The Banking Board possesses broad powers that affect all areas of banking supervision.

The Banking Board is composed of 17 members, a number established by statute.  The Superintendent of Banks serves as Chairman of the Board and Executive Head.  The other 16 members of the Board are appointed to a three-year term by the Governor, subject to approval by the Senate.  Of these 16 members, eight are so-called public members, while the other eight must have banking experience obtained from employment in the various segments of the banking industry.     

There were 7 changes in the Banking Board membership during 2001:

• Jeffrey Moerdler resigned as of September 28, 2001.

• Mallory Factor was appointed on June 18, 2001, succeeding Thomas O'Neill, a public member who served from July 1995 to February 1998.

• E. Peter Forrestel II was appointed on October 15, 2001, succeeding Salvatore Marranca, an industry member who served from June 1990 to October 2001.

• Thomas E. Hales was appointed on October 15, 2001, succeeding John B. Robinson, an industry member who served from June 1990 to October 2001.

• Erland E. Kailbourne of Williamsville was appointed on June 18, 2001, succeeding Edward B. Kramer, a public member who served from December 1995 to March 2000.

• David C. Mancuso was appointed on October 18, 2001, succeeding Spencer S. Crow, an industry member who served from June 1983 to October 2001.

• Jens A. Westrick was appointed on June 18, 2001, succeeding Burkhard Frankenberger, an industry member who served from December 1995 to March 2000.