Nebraska's Director of Banking and Finance to Retire
Gov. Dave Heineman announced Tuesday that Nebraska’s Director of Banking and Finance, John Munn, is retiring. Heineman has named Deputy Director Ray Pont as acting director to follow Munn’s retirement.
The position of director is responsible for the supervision of state-chartered financial institution, registered and licensed financial entities including mortgage banking, delayed deposit service companies and Nebraska’s securities industry.
While Munn held the office, the assets of the state-chartered banks the department supervises have more than doubled, from $16 billion to $35 billion and 29 Nebraska banks converted from national and federal charter to Nebraska state charter -- a level of charter conversion activity not seen in any other state. The department currently regulates 175 of the 200 Nebraska-domiciled banks.
The 62-year-old Pont has been named acting director, to take over after Munn's last day on May 2.
Pont is the current deputy director and has served twice previously as acting director of the agency. Pont joined the Department of Banking and Finance in July of 1986. He was promoted to deputy director in December of 1986.