Banker Education Expo

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Banker Education Expo January 5, 2006 Renaissance
Vinoy Resort Golf Club St. Petersburg,
Florida Presentation by Don B. Saxon,
Commissioner Alex Hager, Deputy
Commissioner Linda B. Charity, Director
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OFFICE OF FINANCIAL REGULATION
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Mission

• The Office of Financial Regulation is dedicated
  to safeguarding the private financial interests
  of the public by licensing, chartering, examining
  and regulating financial institutions and
  financial service companies in the State of
  Florida. The Office strives to protect consumers
  from financial fraud, while preserving the
  integrity of Floridas markets and financial
  service industries.

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Office Overview

• Don Saxon, Commissioner
• Alex Hager, Deputy Commissioner
• Linda Charity, Director, Financial Institutions
• Rick White, Director, Securities Finance
  Regulation
• Rob Beitler, General Counsel
• Andrea Moreland, Cabinet Legislative Affairs
• Bob Rosenau, Chief, Financial Investigations
• Bob Dyar, Inspector General
• Kathleen Kight, Research Planning Administrator
• Holly Hinson, Outreach Coordinator

• 9 Offices
• Pensacola
• Jacksonville
• Orlando
• Tampa
• West Palm Beach
• Fort Lauderdale
• Fort Myers
• Miami
• Tallahassee

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Resources

• Budget 31.8 million
• Financial Institutions - 9.3 million
• Securities/Finance - 15 million
• Investigations - 4.1 million
• Executive Direction
• 3.4 million

• 403 FTEs
• 110
• 182
• 64
• 47

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Responsibilities

• Regulation of
• Depository nondepository financial institutions
  financial service companies
• Securities firms, branches, agents and offerings
• Investigation of alleged violations of banking,
  securities, and finance statutes

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Financial Institution Regulation

• Enforce Financial Institutions Codes
• Bureau of Bank Regulation, District I
  (North)examine supervise state-chartered banks
  to ensure they operate in a safe sound manner
• Bureau of Bank Regulation, District II (South)
  same as District I plus foreign banking
  organizations nondeposit trust companies
• Bureau of Credit Union Regulation examine
  supervise state-chartered credit unions

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Statutes Regulated

• Chapter 655 Financial Institutions General
• Chapter 657 Credit Unions
• Chapter 658 Banks Trust Companies
• Chapter 660 Trust Business
• Chapter 663 International Banking
• Chapter 665 Associations
• Chapter 667 Savings Banks

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New Banks Opened-Top Ten States1996-December 30,
2005
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De Novo Applications Received/Opened by OFR
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Percent of New Florida Banks
that are State Chartered
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NUMBER FLORIDA STATE FINANCIAL INSTITUTIONS
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ASSETS FLORIDA STATE FINANCIAL
INSTITUTIONS (Billions of Dollars)
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• LICENSING
• AND
• CHARTERING

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Source FDIC
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Merger Applications Received by OFR
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Acquisition / Change of ControlApplications
Received by OFR
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Conversion Applications Received by OFR
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International Applications Received by OFR
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• SELECTED
• FINANCIAL
• INSTITUTION
• DATA

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• NUMBER - STATE AND NATIONAL BANKS
• Florida Based

As of June 30, 1998
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• ASSETS - STATE AND NATIONAL BANKS
• Florida Based
• (Billions of Dollars)

As of June 30, 1998
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• DEPOSITS - STATE AND NATIONAL BANKS
• Florida Based
• (Billions of Dollars)

As of 6/30/98
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NUMBER OF FLORIDA LICENSED INTERNATIONAL OFFICES
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NUMBER OF STATE TRUST COMPANIES
DEPARTMENTSFlorida Based
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Commercial Banks Associations Deposit
BreakdownJune 30, 1996(Billions of Dollars)
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74
Source FDIC
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Bank and Association DepositsJune 30, 2005
Non-Florida Domiciled Institutions
246 Billion
Florida Domiciled Institutions
97 Billion
Total Florida Deposits 343 Billion
Source FDIC
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• MISCELLANEOUS
• ITEMS

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Bank Intl 45 days Credit Unions 30 days
Trust 60 days
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• QUESTIONS

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• Don Saxon
• Don.Saxon_at_FLDFS.COM
• 850-410-9601
• Alex Hager
• Alex.Hager_at_FLDFS.COM
• 850-410-9256
• Linda Charity
• Linda.Charity_at_FLDFS.COM
• 850-410-9510