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Banks and Trust Companies
History of the Regulation of Banks and Trust Companies in Illinois
From 1818 until June 30,1958, state banks and trust departments were regulated by the Auditor of Public Accounts. Initially, the Auditor of Public Accounts was appointed by the General Assembly for a four year term, in 1833 the term was reduced to two years; and under the revisions to the 1848 constitution, the office became a popularly elected one with elected officials serving four year terms.
On July 1, 1958, the responsibility for regulating trust departments and trust companies was transferred to a newly created agency within the executive branch of government named the Department of Financial Institutions. The supervision of state banks remained with the Banking Division of the Auditor of Public Accounts until January 1, 1959, following a vote of the people at a referendum held on November 4, 1958.
On January 1, 1967, the office of Commissioner of Banks and Trust Companies was formed following a referendum of the people and the responsibility of the supervision of banks and trust companies was transferred to this new agency.
On July 1, 1996, the Office of the Commissioner of Savings and Residential Finance was merged with and into the Commissioner of Banks and Trust Companies and the agency's name was changed to the Office of Banks and Real Estate.
On July 1, 2004, the Office of Banks and Real Estate, the Department of Financial Institutions, the Department of Insurance, and the Department of Professional Regulation consolidated into an agency named the Illinois Department of Financial and Professional Regulation (IDFPR) pursuant to the provisions of Executive Order Number 6 (2004). Each of the former agencies became a division of the new agency.
On July 1, 2009, the Division of Insurance separated from IDFPR and became the Department of Insurance pursuant to the provisions of Exectuve Order Number 4 (2009).
The following is a listing of the chief banking regulators and the departments responsible for regulating State banks in Illinois history.
| Bureau of Banks and Trust Companies Listing of Chief Banking Regulators and Department Names |
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| NAME | AGENCY NAME | DATE OF COMMISSION OR QUALIFICATION |
| Elijah C. Berry | Auditor of Public Accounts | 10/09/1818 04/06/1819 |
| James T. Sapp | Auditor of Public Accounts | 08/29/1831 |
| Levi Davis | Auditor of Public Accounts | 11/16/1835 |
| James Shields | Auditor of Public Accounts | 03/04/1841 |
| Wm. L. D. Ewing | Auditor of Public Accounts | 03/26/1843 |
| Thomas H. Campbell | Auditor of Public Accounts | 03/26/1846 01/07/1847 |
| Jesse K. Dubois | Auditor of Public Accounts | 01/12/1857 |
| Orlin H. Miner | Auditor of Public Accounts | 12/12/1864 |
| Charles E. Lippincott | Auditor of Public Accounts | 01/11/1869 01/12/1873 |
| Thomas B. Needles | Auditor of Public Accounts | 01/08/1877 |
| Charles P. Swigart | Auditor of Public Accounts | 01/10/1881 01/30/1885 |
| Charles W. Pavey | Auditor of Public Accounts | 01/14/1889 |
| David Gore | Auditor of Public Accounts | 01/10/1893 |
| James S. McCullough | Auditor of Public Accounts | 01/11/1897 01/14/1901 01/09/1905 01/18/1909 |
| James J. Brady | Auditor of Public Accounts | 02/03/1913 |
| Andrew Russel | Auditor of Public Accounts | 01/08/1917 01/10/1921 |
| Oscar Nelson | Auditor of Public Accounts | 01/12/1925 01/14/1929 |
| Edward J. Barrett | Auditor of Public Accounts | 01/09/1933 01/04/1937 |
| Arthur C. Lueder | Auditor of Public Accounts | 01/13/1941 01/08/1945 |
| Benjamin O. Cooper | Auditor of Public Accounts | 01/10/1949 |
| Orville E. Hodge | Auditor of Public Accounts | 01/12/1953 |
| Lloyd Morey | Auditor of Public Accounts | 07/18/1956 |
| Elbert Sidney Smith | Auditor of Public Accounts | 01/14/1957 |
| Conrad F. Becker, Director Roland Blaha, Supervisor of State Banks |
Dept. of Financial Institutions Banking Division |
1958-62 1958-62 |
| Joseph E. Knight, Director Mark Waggoner, Supervisor of State Banks |
Dept. of Financial Institutions Banking Division |
1962-67 1962-67 |
| Roland W. Blaha, Commissioner | Commissioner of Banks and Trust Companies | 1967-70 |
| H. Robert Bartell, Jr., Commissioner | Commissioner of Banks and Trust Companies | 1971-73 |
| Richard K. Lignoul, Commissioner | Commissioner of Banks and Trust Companies | 1974-76 |
| William C. Harris, Commissioner | Commissioner of Banks and Trust Companies | 1977-90 |
| Robert J. Piel, Commissioner | Commissioner of Banks and Trust Companies | 1991-92 |
| Scott A. Miller, Acting Commissioner | Commissioner of Banks and Trust Companies | 1992 |
| Richard N. Luft, Commissioner | Commissioner of Banks and Trust Companies | 1992-95 |
| Scott D. Clarke, Acting Commissioner | Commissioner of Banks and Trust Companies | 1996 |
| Jack Schaffer, Commissioner | Office of Banks and Real Estate | 1996-1/15/1999 |
| Patrick A. Brady, Acting Commissioner | Office of Banks and Real Estate
|
1/15/1999-1/29/1999
|
| William A. Darr, Commissioner | Office of Banks and Real Estate | 2/15/1999-1/29/2003 |
| David S. Rodriguez, Acting Commissioner | Office of Banks and Real Estate | 1/29/2003-5/1/2003 |
| D. Lorenzo Padron, Commissioner | Office of Banks and Real Estate | 5/2/2003-6/30/2004 |
Fernando E. Grillo, D. Lorenzo Padron, Director |
Department of Financial and Professional Regulation Division of Banking |
7/1/2004 - 9/6/2005
|
Dean Martinez, Acting Secretary Dean Martinez, Secretary Jorge A. Solis, Director |
Department of Financial and Professional Regulation
Divison of Banking |
9/7/2005 - 3/29/2006 5/14/2007 - 2/27/2011 |
| Michael T. McRaith, Acting Secretary | Department of Financial and Professional Regulation | 12/1/2008 - 6/29/2009 |
Brent E. Adams, Acting Secretary
Manuel Flores, Acting Director Manuel Flores, Director |
Department of Financial and Professional Regulation
Division of Banking |
7/1/2009 - 11/3/2009
2/28/2011 - 3/30/2011 3/31/2011 - 4/6/2014 |
| Susan Gold, Acting Secretary | Department of Financial and Professional Regulation | 8/1/2012 - 11/1/2012 |
Manuel Flores, Acting Secretary Sheila Saegh Henretta, Acting Director |
Department of Financial and Professional Regulation Division of Banking |
11/1/2012 - 1/19/2015 4/6/2014 - 1/31/2015 |
Bryan A. Schneider, Secretary Michael J. Mannion, Director Kerri A. Doll, Acting Director Kerri A. Doll, Director Jessica A. Baer, Acting Secretary |
Department of Financial and Professional Regulation Division of Banking Division of Banking Division of Banking Department of Financial and Professional Regulation |
2/8/2015 - 1/14/2019 2/1/2015 - 3/15/2016 3/16/2016 - 2/15/2017 2/16/2017 - 5/19/2019 1/14/2019 - 2/26/2019 |
| Deborah Hagan, Acting Secretary | Department of Financial and Professional Regulation | 2/26/2019 - 5/30/2019 |
| Deborah Hagan, Secretary | Department of Financial and Professional Regulation | 5/31/2019 - 3/31/2021 |
| Mario Treto, Jr., Acting Secretary | Department of Financial and Professional Regulation | 4/1/2021 - 3/28/2022 |
| Mario Treto, Jr., Secretary | Department of Financial and Professional Regulation | 3/28/2022 - Present |
| Chasse Rehwinkel, Acting Director | Division of Banking | 6/17/2019 - 3/21/2022 |
| Chasse Rehwinkel, Director | Division of Banking | 3/22/2022 - 6/30/2023 |
| Susana Soriano, Acting Director | Division of Banking | 7/1/2023 - Present |