The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) announced Thomas Fite has been elected as its chairman. His term began May 1, 2021 and will conclude April 30, 2022.
Fite also was reappointed to the FFIEC SLC for a two-year term. Fite was first confirmed as an SLC member in September 2017 to fill a partial-term vacancy, then reappointed for his first full term in May 2019. His most recent appointment began May 1, 2021 and will run through April 30, 2023.
“I want to congratulate Tom – a fellow Hoosier – on being named SLC Chairman and on his reappointment to the committee,” Todd Harper, FFIEC chairman and chairman of the National Credit Union Administration, said in a release. “Tom’s examination and supervision acumen, along with his state regulatory experience and working knowledge of the SLC, make him an ideal choice for chairman. I look forward to working with him on the important work of the council.”
Prior to his time on the SLC, Fite was the deputy director the Indiana Department of Financial Institutions’ (IDFI) Depository Division, then was named director of the IDFI. Before joining the department, Fite spent 15 years in field examination and regional supervision roles.
While on the SLC, Fite has been the state regulatory agencies’ representative on the FFIEC task force on supervision for more than four years, served on the U.S. Treasury’s Financial Crimes Enforcement Network Bank Secrecy Act advisory group, served on the joint Interagency Supervisory Process Committee, and in 2020 was named vice chairman of the Board of Directors for the Conference of State Bank Supervisors.