Regulatory Alerts1997-10-01
Alabama State Banking Department Organization
The Alabama State Banking Department is a statutorily-created agency under the direction of the Superintendent of Banks, who is appointed by the Governor. The Department includes the Bureau of Loans, which operates under the supervision of a Supervisor appointed by the Superintendent with gubernatorial approval. This organizational structure is established pursuant to the Code of Alabama 1975 and became effective on October 1, 1997.
155-2-1-.01 Organization
-
The Alabama State Banking Department is a statutorily-created department of the State of Alabama.
-
The Department is under the direction, supervision, and control of the Superintendent of Banks, who is appointed by the Governor.
-
The Department has a statutorily-created Division, the Bureau of Loans.
-
The Bureau of Loans is under the supervision of the Supervisor of the Bureau of Loans, who is appointed by the Superintendent of Banks, with the approval of the Governor and subject to the provisions of the merit system.
Author: Scott Corscadden, General Counsel Statutory Authority: Code of Alabama 1975, §5-2A-1, §5-2A-3, §5-2A-80, §5-19-1, §5-19-21 History: Effective October 1, 1997