"Over a century of ensuring financial safety to Kansas banks and their communities"
Welcome to the Office of the State Bank Commissioner (OSBC). This office regulates all state-chartered banks and trust companies, savings and loan companies, mortgage businesses, supervised lenders, and money transmitters. These banks have total assets of approximately $29 billion. Our primary objective is to ensure the safety and soundness of state-chartered financial institutions, thereby safeguarding depositors' funds and maintaining public confidence.
The Office of the State Bank Commissioner is headed by a Commissioner, who is appointed by the Governor to serve a four year term. The Commissioner is assisted by various department personnel, including a deputy, assistant deputy, three review examiners, legal staff, and administration/information systems staff as well as field office supervisors and examiners located in four regional offices throughout the state.
A nine member banking board is appointed by the Governor. The board serves in an advisory capacity to the office and is comprised of six banker members (with a minimum of five years of state banking experience), and three public interest members. Four banker members represent each of the state's four congressional districts. The other two banker members represent the state at large. The board has responsibility for the approval of new charters and branches as well as other activities.
The department, under the supervision of the Commissioner, conducts examinations of the banks and trust companies approximately every 18 months. These examinations include an on-site evaluation of assets, capital adequacy, internal routines and controls, bank management and other risk areas. The OSBC also works closely with the Federal Reserve Bank and the Federal Deposit Insurance Corporation in the regulation and supervision of these entities.
The department was accredited by the Conference of State Bank Supervisors in 1995.
The Office of the State Bank Commissioner is self-supporting through statutory assessments and fees based on the total assets of the institutions under the department's supervision. $200,000 annually is returned to the state general fund by this agency. The remainder of the funds are used solely to pay expenditures incurred by the OSBC in the regulation of the entities supervised.
The department's main office is located in Topeka. It is approximately three blocks west and one block north of the eighth street exit off I-70. The department's mailing address is:
Office of the State Bank Commissioner
700 SW Jackson, Suite 300
Topeka, Kansas 66603
Phone 785-296-2266
Fax 785-296-0168
