State Banking Board and Savings and Loan Board

PO Box 716
Jefferson City, MO 65102

Phone: (573)-751-2545
Fax: (573)-751-9192

Email: Connie.Street@dof.mo.gov
Website: http://finance.mo.gov/

Details on Board or Commission

Authority: RSMo 361.097

Department: Commerce and Insurance

Mission:

Function: The State Banking Board considers appeals from certain decisions made by the Commissioner of Finance respecting the chartering of new banks, the approval or disapproval of branches for banks or the relocation of banks or branches. The board also must approve all regulations pertaining to banks promulgated by the Commissioner of Finance.

SubCommittees: none

Details on Meetings

Number of meetings: as needed

Location of meetings: Jefferson City

Duration of meetings: as needed

Preparation time for meetings:

Total time commitment: less than ten hours

Details on Members

Total members: 5

Appointed members: 5

Term length: 6 years

Compensation: Members receive a per diem not to exceed $100 for each day devoted to the affairs of the board.

Member Requirements: 1 member must be an attorney; 2 members must have at least 10 years experience as a banker of which at least five years must have been full-time active bank management experience; 2 members must be non-bankers

Political Requirements: yes, not more than three members may be members of the same political party

Geographic Requirements: no

Senate Consent Required: Yes