| Title: | Banking Board of Illinois, State |
| Website: | State Banking Board of Illinois |
| Contact Name: | Diane Casas |
| Contact Title: | Assistant to DPR Director/IDFPR Board Liaison |
| Contact Phone: | 312.814.5325 |
| Contact E-Mail: | Diane.Casas@illinois.gov |
| Function: | The Board provides advice and guidance to the Division of Banking with respect to the supervision and regulation of state chartered banks and trust companies. Also serves as the Board of Trustees of the Illinois Bank Examiners' Education Foundation. Approves investments and expenditures of Foundation funds. |
| Term: | 4 years. No member to serve more than 2 full 4-year terms. |
| Senate Confirmation: | Yes |
| Party Affiliation: | Not considered |
| Qualifications: | Public members may not be an officer or director of or owner, whether directly or indirectly, of more than 5% of the outstanding capital stock of any bank |
| Compensation: | Expenses only |
| Composition: | 13 members (12 appointed by Governor):
The Director of Divison of Banking, who serves as Chair.
2 members of the public
Industry representatives from banks with asset sizes as follows:
2 representatives from banks with assets of $0 to $ 75 million
2 representatives from banks with assets of $75 to $150 million
2 representatives from banks with assets of $ 150 million to $500 million
2 representatives from banks with assets of $500 million to $2 billion
1 representative from assets over $2 billion;
1 representative from a savings
bank organized under the Savings Bank Act. |
| Chair: | Director, Division of Banking, Department of Financial and Professional Regulation |
| Authority: | 205 ILCS 5/78 |