|The Office of the State Bank Commissioner in Kansas (OSBC) is pleased to announce the agency has earned reaccreditation of its Banking Division plus the initial accreditation of its Consumer and Mortgage Lending Division from the Conference of State Bank Supervisors (CSBS), Washington, DC.|
The CSBS Accreditation Program involves an in-depth review of an agency’s policies, procedures, and operations to determine if it meets the standard set forth by the Performance Standards Committee.
The accreditation represents the high standards and professionalism OSBC demonstrates in its supervision of Kansas state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations and money transmitters doing business in Kansas.
Bank Commissioner, David Herndon, said “The reaccreditation of our Banking Division and the initial accreditation of our CML Division clearly demonstrates that the Kansas OSBC is held in high regard by our industry peers and all the regulated financial businesses serving Kansas. The OSBC is a premier state agency, staffed by knowledgeable and committed professionals so this designation is absolutely warranted.”
OSBC’s Banking Division first earned accreditation in 1995 and has maintained its accreditation since. The CML Division earned its initial accreditation in its first attempt to be so recognized. Each accreditation is valid for five years and must pass a comprehensive examination process to maintain accreditation.
The Conference of State Bank Supervisors is the nationwide organization of banking regulators from all 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico and the U.S. Virgin Islands. It has, for more than a century, given state supervisors a national forum to coordinate supervision of their regulated industries and to develop regulatory policy.
Contact for additional information:
David L. Herndon